Automobile Industry : Passenger Vehicle

[Type the company name]| Industry Awareness| Automobile Industry : rider vehicle| | Group 13| 9/16/2012| Submitted by, Ashwani KansalHarmeet Singh BhogalPuli HarichandanNiyati JhunjhunwalaMohammad ShameemYogesh ShivdasVasanth S | administrator Summary With anticipate sales of ~4.5 billion passenger vehicles in FY13e, Indias passenger vehicle market place ranks as worlds seventh largest; larger than markets standardised United Kingdom, France and Spain by Volume - India has been whiz of the few markets globally to buck the recessionary trend and insert a brawny volume growth during recession - Strong expected sparing growth, rising disposable income levels, favorable demographics, easy financing purlieu and relatively low simple machine penetration indorse been the prominent growth drivers for the industry - While at the nonpareil end, the growing domestic market is attracting foreign OEMs, on the other, effected players are positioning themselves as strong contenders to offer inexpensive simple machine manufacturing capabilities to the world - So far, most foreign car makers, barring Hyundai wee focused on the sedan and bounty segment cars, shying away from the highly competitive small-car segment; with these players straightaway launching small-cars that too designed keeping in nous specifically the Indian consumer, the small-car segment, which has so far been dominated by three players commanding over 80% of the volumes is likely to acquire in increase in competitive intensity - slightly of the pertly launched models have had good initial response and have been acutely priced, indicating new entrants strategy to grab market deal out art object sacrificing profitability - Large established incumbents in the Indian passenger vehicle market derive power from their low-cost manufacturing capabilities (especially in the small-car segment), strong brand recognition and wide...If you pauperi zation to get a full essay, order it on our ! website: BestEssayCheap.com

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