Preview

Tvs Motors

Satisfactory Essays
Open Document
Open Document
359 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Tvs Motors
TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents

The Research Paper Factory

Join Search Browse Saved Papers

Home Page » Business and Management

Consumer Behaviour Towards Tvs Motors (Jhalandhar Region)
In: Business and Management
Consumer Behaviour Towards Tvs Motors (Jhalandhar Region)
Lovely Professional University

Assignment – 1
Research Methodology ( MGT516 )
On

Consumer Behaviour Towards TVS Motors (Jhalandhar Region)

Presented to
Mr Pranav Ranjan

By
Md Abdulla Hoque
MBA (International Business)
Roll = A16
Sec = R1011
Reg No = 11005070

Consumer Behaviour Towards TVS Motors (Jhalandhar Region)

Indian Automobile Industry

The Indian Automobile Industry is manufacturing over 11 million vehicles and exporting about 1.5 million every year. The dominant products of the industry are two wheelers with a market share of over 75% and passenger cars with a market share of about 16%. Commercial vehicles and three wheelers share about 9% of the market between them. About 91% of the vehicles sold are used by households and only about 9% for commercial purposes. The industry has attained a turnover of more than USD 35 billion and provides direct and indirect employment to over 13 million people.

Hero Honda Motors is occupying over 41% and sharing 26% of the two wheeler market in India with Bajaj Auto.

The level of technology change in the Motor vehicle Industry has been high but, the rate of change in technology has been medium. Investment in the technology by the producers has been high. System-suppliers of integrated components and sub-systems have become the order of the day. However, further investment in new technologies will help the industry be more competitive. Over the past few years, the industry has been volatile. Currently, India’s increasing per capita disposable income which is expected to rise by 106% by 2015 and growth in exports is playing a major role in

You May Also Find These Documents Helpful

  • Satisfactory Essays

    The two-wheeler market in India is the biggest contributor to the automobile industry with a size of Rs.100,000 million. The two-wheeler market in India comprises of 3 types of vehicles, namely motorcycles, scooters, and mopeds.…

    • 396 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    The Indian passenger car industry had a sheltered existence till the early 80’s. Until 1981, there were two dominant players in the Indian scene – Hindustan Motors and Premier Automobiles. In 1982, Maruti Udyog, a 50:50 joint venture between Suzuki Motors and the Indian Government introduced a hatch back car at an affordable price. Gradually, Maruti introduced different new models creating different segments and overtook HM and PAL with attractive prices and fresh designs. Within a short span of time, MUL occupied number one position in the car market. In the mean time, the opening up of the economy in 1991 attracted several multi-national companies. Besides this, some domestic majors also entered into the passenger car market. As a result, India has become one of the fastest growing car markets in the world. In fact, it holds a promising ninth position in the entire world and growing with a cumulative annual growth rate (CAGR) of about 14 percent, ready to surpass many developed markets. Today, almost every major car maker of the world is present in India where Maruti Suzuki is the market leader with over 50 percent market share. It is to be noted that in the car market, there are three major segments, out of which small car segment constitutes almost 81 percent of the Indian passenger car industry. It shows that there is immense growth potential to small cars and the future growth looks very promising due to various factors and forces. Some of them are low penetration, good economic growth, buoyant rural markets, growing middle class, poor public transport system and fuel efficiency of small cars.…

    • 953 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    The surge in number of people with higher purchasing power along with strong growth in economy over a past few years has attracted the major auto manufacturers. The market linked exchange rate and availability of trained manpower at competitive cost has added to the attraction of Indian market. This increasing pull of Indian market on one hand and the near stagnant rate of growth in auto sector in markets of USA, EU and Japan have worked as a push factor for shifting of new capacities and capital in the auto industry to India. The increasing competition in auto companies has not only resulted in a spurt in choices of Indian consumers at competitive costs, it has also ensured an improvement in productivity by almost 20 percent a year in auto industry, taking it to one of the highest in Indian manufacturing sector.…

    • 1785 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Mgt 372 Mei

    • 10844 Words
    • 44 Pages

    In this report of “Indian Automobile Industry”, we have tried to implement our learning from this course. We would like to thank you for offering the opportunity to work on this topic. Despite many limitations, we have tried our best to make this report accurate and reliable.…

    • 10844 Words
    • 44 Pages
    Powerful Essays
  • Good Essays

    The strategy has been successful to date and Hero Honda Motors (India) Ltd. is the dominant market leader with over 50% of market share, ahead of closest competitors Bajaj (Kawasaki JV) and TVS-Suzuki.…

    • 7212 Words
    • 29 Pages
    Good Essays
  • Powerful Essays

    The automobile Industry in India is one of the largest in the world and one of the fastest growing industries globally. India’s passenger car and commercial vehicle manufacturing industry is the sixth largest in the world. Bajaj Auto Ltd has over six decades of presence in automobile sector and it is India’s second largest two-wheeler manufacturer. Bajaj Auto product line consists of diesel, petrol and LPG driven vehicles. Due to air pollution state government stopped giving permits to diesel vehicles for In-city public transport (Three-wheelers). TVS is one of the major competitors of Bajaj in LPG driven vehicles, TVS launched its vehicles in 2009 and since then it has been successful in capturing noticeable market share in particular categories. The study was to understand the customer perception of Bajaj and TVS products, with an…

    • 9044 Words
    • 37 Pages
    Powerful Essays
  • Powerful Essays

    Automobile Sector in India

    • 1996 Words
    • 7 Pages

    The Automobile industry in India is one of the largest in the world and one of the fastest growing globally. India manufactures over 17.5 million vehicles (including 2 wheeled and 4 wheeled) and exports about 2.33 million every year. It is the world 's second largest manufacturer of motorcycles, with annual sales exceeding 8.5 million in 2009. India 's passenger car and commercial vehicle manufacturing industry is the seventh, with an annual production of more than 3.7 million units in 2010. According to recent reports, India is set to overtake Brazil to become the sixth largest passenger vehicle producer in the world, growing 16-18 per cent to sell around three million units in the course of 2011-12. In 2009, India emerged as Asia 's fourth largest exporter of passenger cars, behind Japan, South Korea, and Thailand.…

    • 1996 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    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.…

    • 686 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Bajaj Auto Ltd Swot

    • 3526 Words
    • 11 Pages

    Automobile industry in India has huge potentials thanks to the growth of the middle class along with their overall economic growth. This is the reason of attraction for international brands who are trying hard to find new market for their products due to stagnated growth of auto sector in Europe, US and Japan.…

    • 3526 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    The Automotive industry in India is one of the largest in the world and one of the fastest growing globally. India manufactures over 11 million vehicles (including 2 wheeled and 4 wheeled) and exports about 1.5 million every year. Indian Automotive Industry booming with a growth rate of around 15% annually in the past five years. The automotive sector is one of the core industries of the Indian economy, whose prospect is reflective of the economic resilience of the country. Continuous economic liberalization over the years by the government of India has resulted in making India as one of the prime business destinations for many global automotive players.…

    • 7772 Words
    • 32 Pages
    Powerful Essays
  • Good Essays

    proposal of tata nano

    • 753 Words
    • 4 Pages

    The growth in Indian economy encounters the growth in industrial production. According to the Society of Indian Automobile Manufacturers (SIAM), the Indian automobile industry has maintained a…

    • 753 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    The report of (FICCI-2007) specified the overview of automotive industry of India and explained the added advantages of automobile industry in India. According to this article India has high potential of automobile industry, which contributes 4%GDP in Indian economy. Indian automobile industry offers different types of automobiles such as cars, scooters, bikes, busses, trucks, jeeps, tractors and all types of two wheelers, three wheelers as well as four wheelers.…

    • 652 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Indian Automobile Industry

    • 1484 Words
    • 6 Pages

    Automobile industry of India can be broadly classified under passenger vehicles, commercial vehicles, three wheelers and two wheelers, with two wheelers having a maximum market share of more than 75%. Automobile companies of India, Korea, Europe and Japan have a significant hold on the Indian market share. Tata Motors produces maximum numbers of mid and large size commercial vehicles, holding more that 60% of the market share. Motorcycles top the charts of two wheelers with Hero Honda being the key player. Bajaj by far is the number one manufacturer of three wheelers in India.…

    • 1484 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Maruti Suzuki.

    • 9757 Words
    • 40 Pages

    With the contribution of 22% to the country’s manufacturing GDP, the automobile industry has emerged as one among India’s major sectors. India has become a hub for many global players. Currently Indian automobile industry comprises of 15 manufacturers of passenger cars and multi-utility vehicles, 9 manufacturers of commercial vehicles, 16 manufacturers of two / three wheelers, 14 manufacturers of tractors, 5 manufacturers of engines. The Indian auto industry, comprising passenger cars, two wheelers and commercial vehicles is the seventh largest in the world with an annual production of 17.5 million vehicles, of which 2.3 million are exported. Two-wheelers dominate the Indian market; more than 75% of vehicles sold are two-wheelers. In 2009-10, Indian passenger car industry was one of the few markets globally that evaded the recessionary trend and it has been witnessing steady growth over the past few years. The industry’s growth is driven by various factors such as the economic growth of the country, rising disposable income, relatively low car penetration and availability of financing options. The sector’s potential has attracted various foreign OEMs to India and has also led many established domestic and foreign automobile players to adopt capacity expansion strategies. Many established foreign players in India, are also positioning themselves as key contenders to offer low-cost car manufacturing capabilities. However, the industry is struggling with various challenges such as of rising commodity prices, labour costs, interest rates and increased competition.…

    • 9757 Words
    • 40 Pages
    Powerful Essays
  • Good Essays

    Used Car

    • 1231 Words
    • 5 Pages

    India’s automobile industry is one of the fastest growing in the world and it is already the sixth largest globally. According to a SIAM report annual car sales could reach 5 million vehicles by 2015 and more than 9 million vehicles by 2020.…

    • 1231 Words
    • 5 Pages
    Good Essays

Related Topics