Released on: October 4, 2008, 2:40 am

Press Release Author: Shushmul Maheshwari

Industry: Automotive

Press Release Summary: RNCOS has recently added a new Market Research Report titled,
“Indian Automobile Sector - A Booming Market” to its report gallery. The report
provides a detailed overview of Indian Automobile Sector.

Press Release Body: RNCOS has recently added a new Market Research Report titled,
“Indian Automobile Sector - A Booming Market” to its report gallery. De-licensing in
1991 has put the Indian automobile industry on a new growth track, attracting
foreign auto giants to set up their production facilities in the country to take
advantage of various benefits it offers. This took the Indian automobile production
from 5.3 Million Units in 2001-02 to 10.8 Million Units in 2007-08. The other
reasons attracting global auto manufacturers to India are the country’s large middle
class population, growing earning power, strong technological capability and
availability of trained manpower at competitive prices. These are the major findings
of RNCOS new report.

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.

The Indian automobile market is currently dominated by two-wheeler segment but in
future, the demand for passenger cars and commercial vehicles will increase with
industrial development. Also, as India has low vehicle presence (with passenger car
stock of only around 11 per 1,000 population in 2008), it possesses substantial
potential for growth.

Key Research Highlights

- Passenger car production in India is projected to cross three million units in
2014-15.
- Sales of passenger cars during 2008-09 to 2015-16 are expected to grow at a CAGR
of around 10%.
- Export of passenger cars is anticipated to rise more than the domestic sales
during 2008-09 to 2015-16.
- Motorcycle sales will perform positively in future, exceeding 10 Million units by
2012-13.
- Value of auto component exports is likely to attain a double digit figure in 2012-13.
- Turnover of the Indian auto component industry is forecasted to surpass US$ 50
Billion in 2014-15.

Key Issues & Facts Analyzed in the Report

- Study of the Indian automobile industry structure.
- Analysis of performance of industry sub-segments and their future outlook.
- Understanding the Indian auto component market and its growth aspects.
- Evaluation of factors fuelling growth in the Indian automobile market.
- Discussion of the forces countering the market growth.
- Identification of future prospects for the Indian automobile industry.

Research Methodology Used in the Report

Information Sources
The information has been sourced from various authentic and reliable sources like
books, newspapers, trade journals and white papers, industry portals, government
agencies, trade associations, monitoring industry news and developments, and through
access to more than 3000 paid databases.

Analysis Method
RNCOS industry forecast and analysis is based on various macro- and microeconomic
factors, sector and industry specific databases, and our in-house statistical and
analytical model. This model takes into account the past and current trends in an
economy, and more specifically in an industry, to bring out an objective market
analysis.

Our industry experts study the relationship between various industry and economic
variables to ensure the required accuracy and desired check on the quality of data
and information given in the report.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today's globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM526.htm
Current Industry News: http://www.rncos.com/Blog/

Web Site: http://www.rncos.com/

Contact Details: 29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
91-11-4214-1228
info@rncos.com

http://www.rncos.com/

press@rncos.com