<p>Detail Analysis of Indian Automobile Industry of the year 2016</p>
Indian Automobile Industry Analysis 2016 is detail report on Automobile Industry. It also covers market dynamics and forecast for the year 2017.
This Report is free available for ACG Premium subscribers.
Highlights of the Report:
– Indian Automobile Industry domestic sales registered double-digit decline of 18.66% in last month of the year 2016
– Passenger vehicle (Except MUV), Two Wheeler, Commercial Vehicle, and Three Wheeler showed negative growth in Dec 2016
– Indian Automobile Industry production registered double-digit decline of 21.76% in last month of the year 2016
– Export also showed 3.12% de-growth in December 2016
– Passenger Vehicle: Production: 2.13% of growth, Domestic Sales – decline by 1.36%, Export – double digit growth of 25.59%
– Two Wheeler: Motorcycle – Decline of 22.50%, Scooter Segment decline by 26.28%, and TVS Moped showed 13.52% growth
– Commercial Vehicle: M&HCV – Decline by 12.41%, LCV sales showed 1.15%
- Ashok Leyland is planning to launch new products, Partner and Mitr in LCV segment to capture significant market share. The company is planning to invest 400 crores in this segment and aim to be second largest LCV player by selling around 50,000 units in next 1.5 years
- MAN Truck and Bus India appointed new CEO
- Bollywood Star, Akshay Kumar now brand ambassador of Tata Commercial Vehicle Business and started to promote its products from Jan 2017
– Inflation: On a monthly basis, consumer prices fell 0.15 percent
– There could be some slow down for short time period due to demonetization
– Upcoming Budget on Feb 2017 could give some good news for core sectors
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