Auto Sector India (Two Wheelers) Essay Sample
Overview:
Cars are categorized as luxury goods in India and the car sector can be said to be cyclical. Therefore. the car sector. in a manner. represents the economic status of the state. Auto sector is divided into following sections:
a. Passenger Cars
B. Commercial Vehicles
c. 2 Sir mortimer wheelers
d. 3 Sir mortimer wheelers
Out of this 2-wheelers signifier 76 % of the entire market portion by volume.
Factors Affecting Demand:
1. Household income
2. Petrol Price
3. Monsoons ( Affects Rural income. nutrient rising prices )
4. Decreasing monetary values in 4-wheeler market
5. Infrastructure. Public Transport
Factors Affecting Supply:
1. Cost and handiness of natural stuffs
2. Increased no. of participants in the industry
3. Capital sourcing
4. Promotion. Distribution and Penetration
Two-wheeler concern poised for long-run CAGR of 13 % . because of lifting incomes. demographics. rural demand. inclination to hold more than one 2W per family and export potency.
Current Risks for the market:
1. Poor Monsoons
2. Monetary value Wars
3. Inflation
4. Fuel Monetary values
5. Global Downturn
Market Sections
? Motorcycle: Wheel Size Greater than 12”
? Water scooters: Wheel Size Less than 12”
? Mopeds: Fixed transmittal and Engine capacity & lt ; 75cc
Industry volume over the old ages
Major Players
?Hero MotorCorp
?Bajaj Auto
?TVS
?Honda Motorcycles and Scooters India
?Suzuki
?Yamaha
?Mahindra
Mentions:
IDFC Auto study
hypertext transfer protocol: //profit. ndtv. com/News/Article/5-facts-about-india-s-growing-two-wheeler-market-305607
