Swot Analysis Of Automobile Industry
Automobile industry
The auto industry of India, with an annual production of around 22 million vehicles, is one of the largest in the world in FY 2013-14. It accounts for 22% of the country's manufacturing gross domestic product (GDP).
Various initiatives by the Government of India and the major automobile players in the Indian market, it is expected to make India a leader in the Two Wheeler and Four Wheeler market in the world by 2020.
The demand for two wheeler & car segment is increasing because of the prosperity of Indian people. To cope up with the demand, many auto makers have started to invest heavily in various segments in the industry in the last few months. Foreign direct investment (FDI) worth US$ 12,232.06 million during the period …show more content…
original equipment manufacturers (OEMs) and replacement market or after market. Sales to OEMs account for ~86 per cent of the total turnover of the industry while the replacement market accounts for ~14 per cent of the industry’s total turnover. The Indian auto components industry is highly fragmented with several players in the unorganized sector. The industry has clusters in various states, where both organized and unorganized players operate. The revenue share of the unorganized sector (comprising ~6,000 entities) is ~23 per cent the organized sector (comprising ~600 entities) represents ~77 per cent of the industry’s total …show more content…
According to a report by the Confederation of Indian Industry (CII), the Indian auto component industry is set to become the third largest in the world by 2025. Also, by that time, newer verticals and opportunities for component manufacturers will open up as the automobile market will shift towards electric, electronic and hybrid cars and newer technologies will have to be adopted via systematic research and
The auto industry of India, with an annual production of around 22 million vehicles, is one of the largest in the world in FY 2013-14. It accounts for 22% of the country's manufacturing gross domestic product (GDP).
Various initiatives by the Government of India and the major automobile players in the Indian market, it is expected to make India a leader in the Two Wheeler and Four Wheeler market in the world by 2020.
The demand for two wheeler & car segment is increasing because of the prosperity of Indian people. To cope up with the demand, many auto makers have started to invest heavily in various segments in the industry in the last few months. Foreign direct investment (FDI) worth US$ 12,232.06 million during the period …show more content…
original equipment manufacturers (OEMs) and replacement market or after market. Sales to OEMs account for ~86 per cent of the total turnover of the industry while the replacement market accounts for ~14 per cent of the industry’s total turnover. The Indian auto components industry is highly fragmented with several players in the unorganized sector. The industry has clusters in various states, where both organized and unorganized players operate. The revenue share of the unorganized sector (comprising ~6,000 entities) is ~23 per cent the organized sector (comprising ~600 entities) represents ~77 per cent of the industry’s total …show more content…
According to a report by the Confederation of Indian Industry (CII), the Indian auto component industry is set to become the third largest in the world by 2025. Also, by that time, newer verticals and opportunities for component manufacturers will open up as the automobile market will shift towards electric, electronic and hybrid cars and newer technologies will have to be adopted via systematic research and