2021
The Indian auto industry is one of the largest in the World, accounting for 49% of the country’s manufacturing GDP and 7.5% of overall GDP (Source: Indian Auto Industry Status Report 2020).
The overall domestic automobiles sales increased at 1.3 CAGR between FY16–FY20 with ~22 million vehicles being sold in FY20.
The auto components industry accounted for 2.3% of India's Gross Domestic Product (GDP) and 25% to its manufacturing GDP. As per Automobile Component Manufacturers Association (ACMA), automobile component export from India is expected to reach US$ 80 billion by 2026 .
In the Automotive sector, Two wheelers and passenger vehicles dominate the domestic
Indian auto market in volume. The Two Wheelers segment with 80% market share is the leader
of the Indian Automobile market. India became the largest two-wheeler market in the world in 2016.
2-wheelers constitute 14% of the overall Passenger Vehicle (PV) segment.
Premium motorbike sales in India recorded a seven-fold jump in domestic sales, reaching 13,982 units
in April-September 2019.
India also has the largest three wheeler market in the World.
The sector supports the employment of close to 4 million people, and contributes towards close to 15% of the total GST collection in the country (~Rs. 1,50,000 Cr.)
Anand Kumar Singh, Director, Department of Heavy Industry & PSUs
8.2 lakh crores turnover.
GST 1.5 lakh crores
---------------
2016
Passenger vehicles are to increase at a CAGR of 16% between 2013-20.
Two-wheelers and three-wheelers are projected to expand at a CAGR of 9% between 2013-20.
A growing working population and an expanding middle class are expected to remain key demand drivers.
GDP per capita is USD is 1,500.76 in 2012, and is expected to reach USD 1,869.34 by 2018.
India has the world’s 12th largest number of high net worth individuals, with a growth of 20.8%, the highest among the top 12 countries.
http://www.makeinindia.com/sector/automobiles/
Two-wheeler production is projected to rise from 18.5 million in FY15 to 34 million by FY20.
Passenger vehicle production is expected to increase to 10 million in FY20 from 3.2 million in FY15.
Government of India aims to make automobiles manufacturing the main driver of ‘Make in India’ initiative, as it expects passenger vehicles market to triple to 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26 (Check the discrepancy).
The Indian automotive sector has the potential to generate up to US$ 300 billion in annual revenue by 2026, as per the Automotive Mission Plan 2016-26 prepared jointly by the Society of Indian Automobile Manufacturers (SIAM) and government.
http://www.ibef.org/industry/india-automobiles.aspx
July 2015
General Motors has plans to invest $1 billion dollar in the Maharashtra plant by 2020, but is stopping production at its Gujarat Halol plant.
June 2015
M&M sets up a new business unit to focus entirely on emerging opportunity in Africa. The group has a potential to grow 10 times to a $1 billion (Rs.6,400 cr) business in five-seven years.
Daimler Trucks to Make India a Export Hub of its trucks
Daimler Trucks Asia ( India and Mitsubishi Fuso Japan) sold 185,000 units in 2014. The company plans to increase output by 50% in the coming five years and half of that growth will come from India.
Total production of cars by 2035 can be 1,80,00,000 - One Crore eighty lakhs.
Additional 1.5 lakh cars will be made in 2015-16. Who will make and sell those cars in India?
Growth during 2015-16 is predicted to be 10% in the automobile industry.
Segment April - March 2014 April -March 2015 Growth Forecast in 2015-16
Cars 17,86,826 18,76,017 6-8%
MUVs 5,25,839 5,53,699 10-12%
Two-Wheelers 1,48,06,778 1,60,04,581 6-7%
Grand-Total 1,84,23,223 1,97,52,580 8-10%
(Source: SIAM)
http://www.thehindu.com/business/Industry/maruti-hyundai-honda-post-sales-records/article7058247.ece
http://www.zigwheels.com/news-features/industry-news/hyundai-sells-42-lakh-cars-in-fy-201415/21576/
Hyundai to make SUVs in India.
Hundai number 2 car maker in India is planning SUV manufacturing in India.
The short-term goal of the company (which has 16% market share presently) is 500,000 units a year.
Hyundai sold 4,20,000 vehicles in India during 2014-15.
http://www.zigwheels.com/news-features/industry-news/hyundai-sells-42-lakh-cars-in-fy-201415/21576/
May 2015
Mahindra and Mahindra is buying a 33% stake in Mitsubishi's tractors and agricultural equipment division for $25 Million.
Mahindra manufactures combine harversters and agri-machinery. Mahindra is now planning to launch Mitsubishi Agriculture Machinery's (MAM) superior range of rice planters.
Updated 3 January 2016, 30 June 2015, 16 June, 6 June, 9 April 2015, 13 Feb 2015
Passenger vehicles are to increase at a CAGR of 16% between 2013-20.
Two-wheelers and three-wheelers are projected to expand at a CAGR of 9% between 2013-20.
A growing working population and an expanding middle class are expected to remain key demand drivers.
GDP per capita is USD is 1,500.76 in 2012, and is expected to reach USD 1,869.34 by 2018.
India has the world’s 12th largest number of high net worth individuals, with a growth of 20.8%, the highest among the top 12 countries.
http://www.makeinindia.com/sector/automobiles/
2016
JanuaryTwo-wheeler production is projected to rise from 18.5 million in FY15 to 34 million by FY20.
Passenger vehicle production is expected to increase to 10 million in FY20 from 3.2 million in FY15.
Government of India aims to make automobiles manufacturing the main driver of ‘Make in India’ initiative, as it expects passenger vehicles market to triple to 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26 (Check the discrepancy).
The Indian automotive sector has the potential to generate up to US$ 300 billion in annual revenue by 2026, as per the Automotive Mission Plan 2016-26 prepared jointly by the Society of Indian Automobile Manufacturers (SIAM) and government.
http://www.ibef.org/industry/india-automobiles.aspx
2015
July 2015
General Motors has plans to invest $1 billion dollar in the Maharashtra plant by 2020, but is stopping production at its Gujarat Halol plant.
June 2015
M&M sets up a new business unit to focus entirely on emerging opportunity in Africa. The group has a potential to grow 10 times to a $1 billion (Rs.6,400 cr) business in five-seven years.
Daimler Trucks to Make India a Export Hub of its trucks
Daimler Trucks Asia ( India and Mitsubishi Fuso Japan) sold 185,000 units in 2014. The company plans to increase output by 50% in the coming five years and half of that growth will come from India.
Total production of cars by 2035 can be 1,80,00,000 - One Crore eighty lakhs.
Additional 1.5 lakh cars will be made in 2015-16. Who will make and sell those cars in India?
Growth during 2015-16 is predicted to be 10% in the automobile industry.
Segment April - March 2014 April -March 2015 Growth Forecast in 2015-16
Cars 17,86,826 18,76,017 6-8%
MUVs 5,25,839 5,53,699 10-12%
Two-Wheelers 1,48,06,778 1,60,04,581 6-7%
Grand-Total 1,84,23,223 1,97,52,580 8-10%
(Source: SIAM)
http://www.thehindu.com/business/Industry/maruti-hyundai-honda-post-sales-records/article7058247.ece
http://www.zigwheels.com/news-features/industry-news/hyundai-sells-42-lakh-cars-in-fy-201415/21576/
Hyundai to make SUVs in India.
Hundai number 2 car maker in India is planning SUV manufacturing in India.
The short-term goal of the company (which has 16% market share presently) is 500,000 units a year.
Hyundai sold 4,20,000 vehicles in India during 2014-15.
http://www.zigwheels.com/news-features/industry-news/hyundai-sells-42-lakh-cars-in-fy-201415/21576/
May 2015
Mahindra and Mahindra is buying a 33% stake in Mitsubishi's tractors and agricultural equipment division for $25 Million.
Mahindra manufactures combine harversters and agri-machinery. Mahindra is now planning to launch Mitsubishi Agriculture Machinery's (MAM) superior range of rice planters.
Updated 3 January 2016, 30 June 2015, 16 June, 6 June, 9 April 2015, 13 Feb 2015
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