The Indian Automobile sector is high on growth trajectory and is expected to touch the 10 million mark of which the Commercial Vehicle Segment will contribute the maximum. According to industry experts, Indian Automobile sales will grow at a CAGR of 9.5% to 13 million by 2010 from current 8.45 million units in FY05.
To tap this large opportunity, Indian automobile companies and global automotive giants have announced huge expansion plans. For a successful expansion process the automobile producers need to answer some critical questions like:
-- Demand that drives the automobile industry
-- Strategies required to enter Indian market
-- Government policy initiatives and their impact on business
-- The emerging trends in the Automobile Industry
-- Behavior of different competitive forces, during next short term
-- The impact of these different competitive forces
Nowadays the most interesting markets for future investments in the automotive industry are India and China. These countries are large potential markets for global producers. In addition, the cheap labor is an attractive point for the automotive giants that are interested in opening production factories there. Above that the local producers are not to be forgotten in their tries to become large global producers.
Vehicules produced by TATA - the most important indian producer