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Classifications Of Automobile Essay

4362 words - 18 pages

Indian Automobile Industry
Indian Automobile Industry
Analysis of Automobile Industry

Industry Definition

An Automobile, a wheeled passenger land vehicle which is self-propelled, i.e., has its own engine and which, by its discovery, put the horses to rest and changed the way of living for the mankind.

The automobiles (with examples) are classified as follows:

1. 2-Wheelers

These are of 5 types:

1. Motorcycles: Bajaj Pulsar, Honda Unicorn, Honda Shine

2. Scooters: Honda Activa, Kinetic Zoom, Bajaj Chetak 4S

3. Scooterettes: Bajaj Spirit, TVS Scooty Pep, Bajaj Sunny Zip

4. Step thru’s: Bajaj M80, Hero Puch, Kinetic K4 100

5. Mopeds: Kinetic Luna Super, Kinetic ...view middle of the document...

4%
in 2005-06. The industry has been growing at
CAGR of 16.33% from 2001-02 to 2005-06 in
terms of production. Booming IT/ITES
sector, manufacturing industry (namely textile,
pharmaceutical and engineering) and real
estate have contributed to this high growth in
automobile industry in the country.
This is easy to understand because the per
capita disposable income of the people has
gone up remarkably. Over the last five years,
per capita personal disposable income has
gone up by around 8%, which has increased
purchasing capacity of the people in the
country. Other factors have also contributed
to this high growth in Indian automobile
sector. These include lowering age of first car
users, shorter replacement cycles, rising duel
income families, new technology, which is
lowering cost of ownership, low car
penetration in the country and most
importantly growing steel production in the
country. In addition, wide variety and easily
available financing options are also some of
the major reasons for surge in demand for
automobiles in India.
Domestic sales have grown at CAGR of
14.27% from 2001-02 to 2005-06. The
commercial vehicle segment, in particular, has
increased at CAGR of 24.35% during the
above-mentioned period; whereas total sales
of passenger cars in domestic market have
increased at CAGR of 14.02%. In terms of
production, commercial vehicles have
registered a CAGR of 24.55% from 2001-02
to 2005-06; while passenger vehicles have
registered a CAGR of 18.24%. There is a
declining trend in mopeds production as well
as in sales in the domestic market. During
2001-02, mopeds production and sales have
declined at CAGR 2.93% and 5%
respectively.
Exports on a roll
The significant development in Indian
automobile sector is the outstanding growth
of its exports. From 2001-02 to 2005-06, total
exports of automobile sector has gone up at
CAGR of 44.56%. Exports of motorcycle
segment have registered highest annual
growth rate of 61.42% during this period.
This has clearly indicated that Indian
automobile sector is going global.
9735.22
8467.85
7243.56
6279.97
5316.30
0
2000
4000
6000
8000
10000
12000
2001-02 2002-03 2003-04 2004-05 2005-06
Source: SIAM
Chart-1: Automobile Production Trend in
India (‘000 units)
806.49
629.54
479.92
307.31
184.68
0
100
200
300
400
500
600
700
800
900
2001-02 2002-03 2003-04 2004-05 2005-06
Chart- 2: Export Trend in Indian
Automobiles (‘000 units)
Source: SIAM
3
There is a considerable rise in demand for
Indian three-wheelers in global market,
particularly in the African countries. From
2001-02 to 2005-06, exports of three-wheelers
have grown at CAGR of 49.33%.
Auto components industry is growing
at CAGR of 20.3%
Growth of automobile industry has driven
India’s auto components industry as well.
Indian auto components industry has
increased at CAGR 20.3% from 2000-01 to
2005-06 in terms of production. During 2005-
06,...

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