Report Summary

De-licensing in 1991 has put the Indian automobile industry on a new growth track, attracting foreign auto giants to set up their production facilities in the country to take advantage of various benefits it offers. This took the Indian automobile production from 5.3 Million Units in 2001-02 to 10.8 Million Units in 2007-08. The other reasons attracting global auto manufacturers to India are the country's large middle class population, growing earning power, strong technological capability and availability of trained manpower at competitive prices. These are the major findings of our new report, "Indian Automobile Sector - A Booming Market"

In 2006-07, the Indian automotive industry provided direct employment to more than 300,000 people, exported auto component worth around US$ 2.87 Billion, and contributed 5% to the GDP. Due to this large contribution of the industry in the national economy, the Indian government lifted the requirement of forging joint ventures for foreign companies, which attracted global to the Indian market to establish their plants, resulting in heightened automobile production.

The Indian automobile market is currently dominated by two-wheeler segment but in future, the demand for passenger cars and commercial vehicles will increase with industrial development. Also, as India has low vehicle presence (with passenger car stock of only around 11 per 1,000 population in 2008), it possesses substantial potential for growth.

Key Research Highlights

Passenger car production in India is projected to cross three million units in 2014-15.
Sales of passenger cars during 2008-09 to 2015-16 are expected to grow at a CAGR of around 10%.
Export of passenger cars is anticipated to rise more than the domestic sales during 2008-09 to 2015-16.
Motorcycle sales will perform positively in future, exceeding 10 Million units by 2012-13.
Value of auto component exports is likely to attain a double digit figure in 2012-13.
Turnover of the Indian auto component industry is forecasted to surpass US$ 50 Billion in 2014-15.

Key Issues & Facts Analyzed in the Report

Study of the Indian automobile industry structure.
Analysis of performance of industry sub-segments and their future outlook.
Understanding the Indian auto component market and its growth aspects.
Evaluation of factors fuelling growth in the Indian automobile market.
Discussion of the forces countering the market growth.
Identification of future prospects for the Indian automobile industry.

Research Methodology Used in the Report

Information Sources
The information has been sourced from various authentic and reliable sources like books, newspapers, trade journals and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.

Analysis Method
Our industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.

Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.

Report Outline

1. Analyst View
2. India's Rank in Global Automobile Industry
3. Our' View on Indian Automobile Industry
3.1 Supporting Environment
3.1.1 Economic Factors
3.1.2 Demographic & Psychographic Factors
3.1.3 Environmental Factors
3.1.4 Political Environment
3.1.5 Legal Environment
3.1.6 Technological Environment
3.2 Roadblocks for the Industry
3.2.1 Increasing Running Cost
3.2.2 High Input Cost
3.2.3 Strong INR
3.2.4 Expensive Auto Finance
4. Automobile Industry Overview
4.1 Production
4.2 Installed Capacity
4.3 Competitive Landscape
4.4 Sales
4.5 Export
4.6 Import
5. Automobile Industry Analysis
5.1 Passenger Cars
5.1.1 Production
5.1.2 Sales
5.1.3 Export
5.1.4 Future Outlook till Fiscal Year 2016
5.2 Utility Vehicles
5.2.1 Production
5.2.2 Sales
5.2.3 Export
5.2.4 Future Outlook till Fiscal Year 2016
5.3 Multi-purpose Vehicles
5.3.1 Production
5.3.2 Sales
5.3.3 Export
5.3.4 Future Outlook till Fiscal Year 2016
5.4 Commercial Vehicles
5.4.1 Passenger Carriers
5.4.2 Goods Carriers
5.4.3 Future Outlook till Fiscal Year 2016
5.5 Two Wheelers
5.5.1 Scooter/Scooterette
5.5.2 Motorcycles
5.5.3 Electric Two Wheelers & Mopeds
5.5.4 Future Outlook till Fiscal Year 2016
5.6 Three Wheelers
5.6.1 Passenger Carriers
5.6.2 Goods Carriers
6. Auto Component Industry
6.1 Industry Structure
6.2 Production
6.3 Sales
6.4 Export
6.5 Import
6.6 Competitive Landscape
6.6.1 Players
6.6.2 Production by Type
6.6.3 Mergers & Acquisitions
6.6.4 Investment
6.7 Future Outlook till Fiscal Year 2016
6.7.1 Turnover
6.7.2 Sales
6.7.3 Export
7. Growth Avenues
7.1 Automotive Design Market
7.2 Non-conventional Vehicle Market
7.3 Domestic Tire Industry
7.4 Automotive Steel
7.5 Auto Insurance & Financing Market
7.6 GPS Navigation Market
7.7 Power Industry

Figures

Figure 2-1: India - Passenger Cars Ownership per 1000 Population w.r.t Other Asia-Pacific Countries (in Units), 2008
Figure 2-2: Global - Growth Rate of Top Automobile* Producing Countries (%), 2007
Figure 3-1: India - Nominal GDP vs Passenger Car Ownership(2005-2008)
Figure 3-2: India - Per Head Personal Disposable Income vs Passenger Vehicle Sales (2004-05 to 2007-08)
Figure 3-3: India - Labor Cost w.r.t Other Countries (in US$/Hr), 2006
Figure 3-4: India - Engineering Designer Wage w.r.t Other Countries (in US$/Annum), 2006
Figure 3-5: India - FDI in Automobile Industry (in Million US$), 2004-05 to 2007-08
Figure 3-6: India - Forecast for Young Population (%), 2006-2012
Figure 3-7: India - Forecast for Expenditure on Transportation & Communication (%), 2008-2012
Figure 3-8: India - Asset-backed Securitization Market (in Billion US$), 2005-06 & 2006-07
Figure 3-9: India - Finished Steel Production & Apparent Consumption (in Million Metric Tons), 2006-07 & 2007-08
Figure 3-10: India - Gasoline Production & Consumption (in Million Metric Tons), 2005-06 to 2007-08
Figure 3-11: India - High Speed Diesel Production & Consumption (in Million Metric Tons), 2005-06 to 2007-08
Figure 3-12: India - Automobile Industry Capacity Utilization (%), 2006-07E
Figure 3-13: India - Growth in Retail Petrol Prices (%), 2002 to 2008
Figure 3-14: India - Growth in Retail Diesel Prices (%), 2002 to 2008
Figure 3-15: India - Growth in Steel Prices in Metros (%), Mar 2007 to Mar 2008
Figure 3-16: India - Forecast for Average Exchange Rate per US$ (in INR), 2009-2012
Figure 3-17: India - Auto Financing Interest Rate (%), 2001-02 to YTD 2008-09
Figure 4-1: India - Automobile Production (in Million Units), 2002-03 to 2007-08
Figure 4-2: India - Automobile Production Structure (%), 2007-08
Figure 4-3: India - Automotive Installation Capacity* (in Million Units), 2005-06 & 2006-07
Figure 4-4: India - Automobile Industry Input Cost (%), 2007
Figure 4-5: India - Automobile Sales , 2002-03 to 2007-08
Figure 4-6: India - Automobile Sales Structure (%), 2007-08
Figure 4-7: India - Automobile Export, 2002-03 to 2007-08
Figure 4-8: India - Automobile Export Structure (%), 2007-08
Figure 4-9: India - Automobile Import (in Units), 2006-07 & 2007-08
Figure 5-1: India - Passenger Car Production, 2006-07 & 2007-08
Figure 5-2: India - Passenger Car Production by Body Type (%), 2007-08
Figure 5-3: India - Passenger Car Sales , 2006-07 & 2007-08
Figure 5-4: India - Passenger Car Sales by Body Type (%), 2007-08
Figure 5-5: India - Passenger Car Export, 2006-07 & 2007-08
Figure 5-6: India - Passenger Car Export by Body Type (%), 2007-08
Figure 5-7: India - Forecast for Passenger Car Production , 2008-09 to 2015-16
Figure 5-8: India - Forecast for Passenger Car Sales , 2008-09 to 2015-16
Figure 5-9: India - Forecast for Passenger Car Export, 2008-09 to 2015-16
Figure 5-10: India - Utility Vehicle Production , 2006-07 & 2007-08
Figure 5-11: India - Utility Vehicle Production by Body Type (%), 2007-08
Figure 5-12: India - Utility Vehicle Sales , 2006-07 & 2007-08
Figure 5-13: India - Utility Vehicle Sales by Body Type (%), 2007-08
Figure 5-14: India - Utility Vehicle Export (in Units), 2006-07 & 2007-08
Figure 5-15: India - Utility Vehicle Export by Body Type (%), 2007-08
Figure 5-16: India - Forecast for Utility Vehicle Production , 2008-09 to 2015-16
Figure 5-17: India - Forecast for Utility Vehicle Sales , 2008-09 to 2015-16
Figure 5-18: India - Forecast for Utility Vehicle Export, 2008-09 to 2015-16
Figure 5-19: India - Multi-purpose Vehicle Production , 2006-07 & 2007-08
Figure 5-20: India - Multi-purpose Vehicle Production by Manufacturer (%), 2007-08
Figure 5-21: India - Multi-purpose Vehicle Sales , 2006-07 & 2007-08
Figure 5-22: India - Multi-purpose Vehicle Export (in Units), 2006-07 & 2007-08
Figure 5-23: India - Forecast for Multi-purpose Vehicle Production & Sales , 2008-09 to 2015-16
Figure 5-24: India - Commercial Passenger Carrier Production, 2006-07 & 2007-08
Figure 5-25: India - Commercial Passenger Carrier Sales, 2006-07 & 2007-08
Figure 5-26: India - Commercial Passenger Carrier Sales by Body Type (%), 2007-08
Figure 5-27: India - Commercial Passenger Carrier Export , 2006-07 & 2007-08
Figure 5-28: India - Commercial Goods Carrier Production , 2006-07 & 2007-08
Figure 5-29: India - Commercial Goods Carrier Production by Segment (%), 2007-08
Figure 5-30: India - Commercial Goods Carrier Sales , 2006-07 & 2007-08
Figure 5-31: India - Commercial Goods Carrier Sales by Body Type (%), 2007-08
Figure 5-32: India - Commercial Goods Carrier Export , 2006-07 & 2007-08
Figure 5-33: India - Commercial Goods Carrier Export by Body Type (%), 2007-08
Figure 5-34: India - Forecast for Commercial Vehicle Production by Segment , 2008-09 to 2015-16
Figure 5-35: India - Forecast for Commercial Vehicle Sales by Segment , 2008-09 to 2015-16
Figure 5-36: India - Forecast for Commercial Vehicle Export by Segment , 2008-09 to 2015-16
Figure 5-37: India - Two Wheeler Production Structure (%), 2007-08
Figure 5-38: India - Two Wheeler Sales Structure (%), 2007-08
Figure 5-39: India - Two Wheeler Export Structure (%), 2007-08
Figure 5-40: India - Scooter/Scooterette Production , 2006-07 & 2007-08
Figure 5-41: India - Scooter/Scooterette Sales , 2006-07 & 2007-08
Figure 5-42: India - Scooter/Scooterette Export , 2006-07 & 2007-08
Figure 5-43: India - Scooter/Scooterette Sales by Engine Capacity (%), 2007-08
Figure 5-44: India - Scooter/Scooterette Export by Engine Capacity (%), 2007-08
Figure 5-45: India - Motorcycle Production (in Million Units), 2006-07 & 2007-08
Figure 5-46: India - Motorcycle Sales , 2006-07 & 2007-08
Figure 5-47: India - Motorcycle Export, 2006-07 & 2007-08
Figure 5-48: India - Motorcycle Production by Engine Capacity (%), 2007-08
Figure 5-49: India - Motorcycle Export by Engine Capacity (%), 2007-08
Figure 5-50: India - Electric Two Wheeler Production & Sales , 2006-07 & 2007-08
Figure 5-51: India - Moped Production, Sales & Export , 2006-07 & 2007-08
Figure 5-52: India - Forecast for Motorcycle Production, 2008-09 to 2015-16
Figure 5-53: India - Forecast for Motorcycle Sales , 2008-09 to 2015-16
Figure 5-54: India - Forecast for Motorcycle Export, 2008-09 to 2015-16
Figure 5-55: India - Forecast for Scooter/Scooterette Production , 2008-09 to 2015-16
Figure 5-56: India - Forecast for Scooter/Scooterette Sales ,2008-09 to 2015-16
Figure 5-57: India - Three Wheeler Passenger Carrier Production, Sales & Export , 2006-07 & 2007-08
Figure 5-58: India - Three Wheeler Passenger Carrier Production, Sales & Export by Seating Capacity (%), 2007-08
Figure 5-59: India - Three Wheeler Goods Carrier Production, Sales & Export , 2006-07 & 2007-08
Figure 5-60: India - Three Wheeler Goods Carrier Production, Sales & Export by Carrying Capacity (%), 2007-08
Figure 6-1: India - Auto Component Industry Structure (%)
Figure 6-2: India - Auto Component Production (in Billion US$), 2002-03 to 2007-08
Figure 6-3: India - Auto Component Sales* (in Billion US$), 2002-03 to 2007-08
Figure 6-4: India - Domestic Auto Component Market (%), 2007-08
Figure 6-5: India - Auto Component Export (in Billion US$), 2002-03 to 2007-08
Figure 6-6: India - Auto Component Export by Region (%), 2007-08
Figure 6-7: India - Auto Component Export by Type of Industry (%), 1990 & 2007
Figure 6-8: India - Auto Component Import (in Billion US$), 2003-04 to 2006-07
Figure 6-9: India - Regional Presence of Auto Component Players (%), 2007-08
Figure 6-10: India - Auto Component Industry by Product (%), 2007-08
Figure 6-11: India - Investment in Auto Component Industry (in Billion US$), 2002-03 to 2007-08
Figure 6-12: India - Forecast for Auto Component Production (in Billion US$), 2008-09 to 2015-16
Figure 6-13: India - Forecast for Auto Component Sales (in Billion US$), 2008-09 to 2015-16
Figure 6-14: India - Forecast for Auto Component Export (in Billion US$), 2008-09 to 2015-16
Figure 7-1: India - Forecast for Potential Market for Flex-fuel Cars, 2008-09 to 2012-13
Figure 7-2: India - Forecast for Tire Demand (in Million Units), 2008-09 to 2011-12
Figure 7-3: India - Estimated Steel Requirement in Automobile Industry (in Million Tons), 2007-08 to 2011-12
Figure 7-4: India - Forecast for Steel Requirement by Type in Automobile Industry (%), 2011-12
Figure 7-5: India - Forecast for Passenger Car Insurance Premium (in Million US$), 2008-09 to 2011-12
Figure 7-6: India - Forecast for Two Wheeler Finance Market Structure (%), 2009-10
Figure 7-7: India - Estimated Power Requirement for Auto Component Industry (in MW), 2007-08 to 2015-16

Tables

Table 4-1: India - Top OEMs
Table 5-1: India - Top 20 Passenger Car Manufacturers (2007-08)
Table 5-2: India - Passenger Car Sales by Manufacturer & Model (in Units), 2007-08
Table 5-3: India - Passenger Car Export by Manufacturer (in Units), 2007-08
Table 5-4: India - Utility Vehicle Manufacturers (in Units), 2007-08
Table 5-5: India - Utility Vehicle Sales by Manufacturer (in Units), 2007-08
Table 5-6: India - Utility Vehicle Export by Manufacturer (in Units), 2007-08
Table 6-1: India - Top Players in Auto Component Industry
Table 6-2: India - Top Auto Component Industry Players in North/Central Region
Table 6-3: India - Top Auto Component Industry Players in Western Region
Table 6-4: India - Top Auto Component Industry Players in Southern Region
Table 6-5: India - Top Auto Component Industry Players in Eastern Region
Table 6-6: India - Mergers & Acquisitions in Auto Component Industry (2003 to 2006)