Released on = November 3, 2006, 4:10 am

Press Release Author = RNCOS

Industry = Automotive

Press Release Summary = The domestic Passenger Car Market is expected to grow by 50%
within the next four years on account of shifting customer preference for
four-wheeled vehicles as against two-wheelers.

Press Release Body = Pricewaterhouse Coopers in its eighth annual Global Automotive
Financial Review stated that the Indian Passenger Car Market is expected to reach up
to 19 Lakh passenger cars in 2010, from a size of 7.5 Lakh passenger cars in the
year 2000. This implies that by 2010 the market is likely to demonstrate a growth
rate of around 51%.

Presently, two-wheelers constitute 77% of the Indian automotive industry’s
total production. However there is perceptible trend of customers graduating to
four-wheeled vehicles. At present the penetration level is extremely low with around
8 cars per 1,000 individuals. With fat income levels and increasing disposable
incomes among the middle-class populace, along with up scaling urbanization, the
prospects for passenger car segment looks bright. Dealers and manufacturers are
offering a bonanza of financing options at low interest rates and a host of price
discounts. During the period 2000-2005,the automotive manufacturing sector had
witnessed a sturdy growth of 12 % CAGR.

Small cars segment accounts for a major chunk of the revenue of the Passenger Car
Market at about 70%. Industry experts assert that any future growth is likely to be
driven by this segment as small cars offer fuel efficiency, and incur minimum
operating costs.

RNCOS recent report, “Passenger Car Market: A Global Review (2006)”
undertakes a review of the performance of the Global Passenger Car Industry. The
report also analyses the Passenger Car market by geographical distribution.

Globally, automotive demand has seen up and down in different periods. The periods
2003-04 and 2004-05 have been significant revenue churners with robust rise in
demands. It’s expected that rising incomes coupled with affordable prices,
increased buyer incentives and attractive financing packages will continue to
support demand. Sales growth in the passenger car segment will hover around 12%
annually between 2006-07 and 2010-11.

The key highlights of the reports are:

- Performance of the major developed & emerging countries in the Passenger Car Market.
- The opportunities existing for the automobile players in Passenger Car Market.
- The key challenges & driving forces for Passenger Car Market.
- The major competitors in the Global Passenger car Industry.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

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