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Automobile Industry
Automobile Industry
In India there are 100 people per vehicle, while this figure is 82 in China. It is expected that Indian
automobile industry will achieve mass motorization status by 2014.
INDUSTRY OVERVIEW:
Since the first car rolled out on the streets of Mumbai (then Bombay) in 1898, the Automobile Industry of India has come a long way. During
its early stages the auto industry was overlooked by the then Government and the policies were also not favorable. The liberalization policy
and various tax reliefs by the Govt. of India in recent years has made remarkable impacts on Indian Automobile Industry. Indian auto
industry, which is currently growing at the pace of around 18 % per annum, has become a hot destination for global auto players like Volvo,
General Motors and Ford.
A well developed transportation system plays a key role in the development of an economy, and India is no exception to it. With the growth of
transportation system the Automotive Industry of India is also growing at rapid speed, occupying an important place on the 'canvas' of Indian
economy.
Today Indian automotive industry is fully capable of producing various kinds of vehicles and can be divided into 03 broad categories : Cars,
two-wheelers and heavy vehicles.
40% of the three-wheelers are used as goods transport purpose. Piaggio holds 40% of the market share. Among the passenger transport,
Bajaj is the leader by making 68% of the three-wheelers.
Cars dominate the passenger vehicle market by 79%. Maruti Suzuki has 52% share in passenger cars and is a complete monopoly in multi
purpose vehicles. In utility vehicles Mahindra holds 42% share.
In commercial vehicle, Tata Motors dominates the market with more than 60% share. Tata Motors is also the world's fifth largest medium &
heavy commercial vehicle manufacturer.
Bikes in India
Bajaj Auto Ltd Bajaj Avenger Royal Enfield Motors Bullet 350
Honda Unicorn
Yamaha Motor India Ltd. Yamaha CruxS Suzuki Motorcycles India Suzuki Heat
Yamaha Gladiator
Hero Honda Motors Ltd. Hero Honda Achiever TVS Motor Company Ltd. TVS Apache
Purchasing capacity of average Indians has increased spectacularly in the last few years. This has encouraged significant growth in Indian
two-wheeler industry. The exponential growth of the industry can be ascribed to factors such as higher disposable income resulting in more
financial capacity and availability of cheap consumer financing. Over the years, the market dynamics of the industry has also changed.
Majority of the customers now go for scooters and mopeds.
Bikes are the major segment of Indian two wheeler industry, the other two being scooter and mopeds. Indian two wheeler companies are
among the biggest two wheeler manufacturers in the world. Hero Honda is the numero uno bike manufacturer in the world with Bajaj India
gives it a close chase.
This section of ILoveIndia.com is a comprehensive guide to bikes, scooters and mopeds available in India. It gives relevant useful
information on all the leading models of bikes, scooters, and mopeds in India. Tips on bike modifications, maintenance and importing of new
bikes would surely help you.