Indian Auto Industry showed excellent growth in FY 2018. The Industry is going through some major changes in the last 3 years in terms of Technology, Regulation, Customer buying preference, Digital Platform, Electric Vehicle, and new product range.
The Industry registered 11 percent CAGR between FY 2009 to FY 2018. Two Wheeler Industry which is having about 80 percent segment share registered highest Compound annual growth of 11.7 percent, Passenger Vehicle (Private & Taxi) 8.7 percent, Commercial Vehicle 9.3 percent, and Three Wheeler segment registered around 6.9 percent between FY 2009 to FY 2018. All segments of Indian Auto showed positive growth in FY 2018.
The life cycle of the product is another aspect which is important specially for Cars and SUV segment.
The PV OEMs need to make a rich product portfolio and keep updated on every part of the life cycle. We have analyzed the most important Short, Mid and Long-term factors for Passenger Vehicle, Commercial Vehicle, Two Wheeler, and Three Wheeler segment.
Export Market: Passenger Vehicle and Commercial Vehicle showed de-growth in FY 2018. Foreign OEMs are mainly focusing on the export market like Africa, Sri Lanka, Bangladesh, South East Asian countries. Two Wheeler, Three Wheeler and Industry TIV registered growth in FY 2018.
Highlights of the report:
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