India Commercial Vehicle Market Analysis

India being the second most populated and seventh largest nation in the world
provides a vast and untapped market for global automobile giants. The de-
licensing in 1991 provided the well-deserved growth essentials, which attracted
international automobile majors to set up their production facilities in the country
to take advantage of various benefits available. Increasing earning power,
surging capital expenditure on various industries and strong technological
capabilities have been boosting the automobile demand in the country for past
few years.

According to our research “India Commercial Vehicle Market Analysis”, the

economic crisis has had moderate negative effects on the commercial vehicle
market. The slowdown of commercial activities in infrastructure, construction,
manufacturing and other sectors resulted in sluggish demand for commercial
vehicles. However, in 2009-10, the commercial vehicle segment regained its
growth momentum, both in terms of production and sales, on the strong
fundamentals of recuperating demand from almost all prominent sectors.
Especially, passenger carriers registered notable sales momentum and boosted
the overall commercial vehicle development outlook. In coming years, rapid
expansion of cities to suburban areas will also create more demand for mass
transportation vehicles in the country. It is expected that a major part of India will
be well-connected by the end of 2013-14, which will fuel the demand for
commercial passenger carriers in the country. Keeping this in mind, we have
projected the sales of commercial passenger carriers to register nearly 13%
CAGR between 2010-11 and 2013-14.

On utility vehicle front, the country posted one of the fastest year-on-year
production growths in 2009-10. In 2008-09, manufacturers were forced to halt
their production capacity amid falling domestic and export demand for utility
vehicles. Consequently, the production saw a massive 11% drop in the same
year. With recovering vehicle demand from schools, corporate and public sector
organizations, the production grew strongly at the rate of around 24.4% in 2009-
10. We anticipate this trend to continue in coming years also, thus enabling the
country to become a dominant utility vehicle player in global arena.

“India Commercial Vehicle Market Analysis” is an outcome of the extensive

research and objective analysis done by our industry experts on the Utility
Vehicle, Multipurpose Vehicle and Commercial Vehicle markets in India. The
report provides detailed data and statistics on production, sales and export
trends for each of the abovementioned market segment. It studies all the past
and present trends prevailing in the market to give the future market outlook.
Table of Content
1. Analyst View

2. Strategic View on Automobile Industry

2.1 Production Trends
2.1.1 Supporting Environment
2.2 Sales Scenario
2.2.1 Supporting Environment
2.3 Export Developments

3. Emerging Market Trends

3.1 Joint Ventures - Preferred Strategy for Growth
3.2 Commercial Vehicle Financing - A Hot Trend
3.3 Focus on Mini MPV’s
3.4 Introduction of “Green Tax”- Opportunistic for Demand Growth

4. Utility Vehicle Market Outlook to FY 2014

4.1 Production
4.1.1 By Segment
4.1.2 By Company
4.2 Sales
4.2.1 By Segment
4.2.2 By Company
4.3 Exports
4.3.1 By Segment
4.3.2 By Company

5. Multi-purpose Vehicles Market Outlook to FY 2014

5.1 Production
5.2 Sales
5.3 Exports

6. Commercial Vehicle Market Outlook to FY 2014

6.1 Passenger Carriers
6.1.1 Production
6.1.2 Sales
6.1.3 Exports
6.2 Goods Carriers
6.2.1 Production
6.2.2 Sales
6.2.3 Exports

7. Mergers & Acquisitions

8. Regulatory Environment
 8.1 Tax Policies
8.2 Subsidies
8.3 Other Provisions
8.4 Emission Norms

9. Competitive Landscape
9.1 Maruti Suzuki India Ltd
9.1.1 Business Description
9.1.2 Recent Developments
9.2 Tata Motors Ltd
9.2.1 Business Description
9.2.2 Recent Developments
9.3 Mahindra & Mahindra
9.3.1 Business Description
9.3.2 Recent Developments
9.4 Swaraj Mazda Limited
9.4.1 Business Description
9.4.2 Recent Developments
9.5 Ashok Leyland
9.5.1 Business Description
9.5.2 Recent Developments

List of Figures:
Figure 2-1: Automobile Production (Million Units), 2006-07 to 2009-10
Figure 2-2: Automobile Production by Segment (‘000 Units), 2009-10
Figure 2-3: Finished Steel Production and Consumption (Million Metric Tons),
2007-08 to 2009-10
Figure 2-4: Automobile Sales (Million Units), 2006-07 to 2009-10
Figure 2-5: Automobile Sales by Segment (%), 2009-10
Figure 2-6: Young Population (%), 2006-2011
Figure 2-7: Expenditure on Transportation and Communication (Billion US$),
2008-2013
Figure 2-8: Automobile Exports (Million Units), 2006-07 to 2009-10
Figure 2-9: Automobile Exports by Segment (%), 2009-10
Figure 3-1: Commercial Vehicle Financing Rates (%), Dec 2007 to Feb 2010
Figure 4-1: Utility Vehicle Production (‘000 Units), 2007-08 to 2013-14
Figure 4-2: Utility Vehicle Production by Segment (%), 2009-10
Figure 4-3: Utility Vehicle Sales (‘000 Units), 2007-08 to 2013-14
Figure 4-4: Utility Vehicle Sales by Segment (%), 2009-10
Figure 4-5: Utility Vehicle Exports (Units), 2007-08 to 2013-14
Figure 4-6: Utility Vehicle Exports by Segment (%), 2009-10
Figure 5-1: Multi-purpose Vehicle Production (‘000 Units), 2007-08 to 2013-14
Figure 5-2: Multi-purpose Vehicle Production by Manufacturer (%), 2009-10
Figure 5-3: Multi-purpose Vehicle Sales (‘000 Units), 2007-08 to 2013-14
Figure 5-4: Multi-purpose Vehicle Exports (Units), 2007-08 to 2009-10
Figure 6-1: Commercial Passenger Carrier Production (‘000 Units), 2007-08 to
2013-14
Figure 6-2: Commercial Passenger Carrier Sales (‘000 Units), 2007-08 to 2013-
14
Figure 6-3: Commercial Passenger Carrier Sales by Segment (%), 2009-10
Figure 6-4: Commercial Passenger Carrier Exports (‘000 Units), 2007-08 to
2009-10
Figure 6-5: Commercial Goods Carrier Production (‘000 Units), 2007-08 to 2013-
14
Figure 6-6: Commercial Goods Carrier Production by Segment (%), 2009-10
Figure 6-7: Commercial Goods Carrier Sales (‘000 Units), 2007-08 to 2013-14
Figure 6-8: Commercial Goods Carrier Sales by Segment (%), 2009-10
Figure 6-9: Commercial Goods Carrier Exports (‘000 Units), 2007-08 to 2009-10
Figure 7-1: Automobile M&A Deals by Category (Million US$), 2007 & 2008

List of Tables:
Table 2-1: Capital Expenditure by Industries (Billion Rs), 2008-09 to 2011-12
Table 4-1: Utility Vehicle Production by Top Manufacturers (Units), 2009-10
Table 4-2: Utility Vehicle Sales by Top Manufacturers (Units), 2009-10
Table 4-3: Utility Vehicle Exports by Top Manufacturers (Units), 2009-10
Table 7-1: Commercial Vehicle M&A Deals by Category (Million US$), 2007 &
2008
Table 8-1: Description of Vehicle Emission Norms

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Commercial-Vehicle-Market-Analysis-IM259.htm