From licensing in 1991 put the Indian automobile industry on a new trajectory of growth, attracting foreign auto giants to establish their production facilities in the country to take advantage of various benefits it offers. Large population of middle class, increasing purchasing power and technological capabilities strong have been boosting the demand for automobiles in recent years. Despite the economic slowdown, the Indian automobile sector is expected to see growth high in the coming years, especially in the segment of passenger cars, said our new research report "Analysis of the Indian Automobile Sector".

The market for passenger vehicles, which constitutes about 80% of car sales, has enormous potential as growing stock of vehicles of passengers stood at around 11 per 1,000 people in 2008. Anticipating the future market potential, production of passenger vehicles is expected to grow at a CAGR of around 10% 2009-10 to 2012-13.

The recent launch of Tata Nano has brought a revolution in the small car segment in the country. Seeing the good initial response from consumers, many other industry players in the chalk are plans to launch the cars in this segment over the next few years. Our research provides a CAGR growth of around 14.5% in domestic sales volume of passenger vehicles during the forecast period. Other segments, such as two-wheeled, multi-purpose vehicle and light commercial vehicles, is also expected that rapid growth in the coming years.

The report covers various aspects of the Indian car market and gives a detailed analysis of its various segments like passenger car, commercial vehicles, utility vehicles, multipurpose, two-wheelers and three wheelers. Each section briefly explains the current and future market trends and developments in the automotive market Indian. There are huge opportunities for various actors in the industry including manufacturers of automobiles and auto parts players.

Besides, We have also thoroughly analyzed the automotive component industry and its future prospects. The study assessed the growth paths for the automobile market, including the design of the car market, non-conventional vehicle market, the domestic tire industry, India as a manufacturing facility global market for green cars, etc.

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Article Source: ArticlesBase.com – Indian Automobile Sector Analysis Report by Automobilenews.net

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