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  • SIAM Forecasts 2011 12

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    Statistical methods were used to create demand forecasts for various segments of the Indian automobile industry by considering relevant demand drivers and variables such as macroeconomic factors, sector factors, and market enablers or barriers. Forecasts predict 2011-12 growth rates between 4-21% for segments including passenger cars, utility vehicles, commercial vehicles, motorcycles, scooters, and three-wheelers based on models that took into account factors like GDP, industrial production, vehicle prices, competition and financing availability.

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    Statistical methods were used to create demand forecasts for various segments of the Indian automobile industry by considering relevant demand drivers and variables such as macroeconomic factors, sector factors, and market enablers or barriers. Forecasts predict 2011-12 growth rates between 4-21% for segments including passenger cars, utility vehicles, commercial vehicles, motorcycles, scooters, and three-wheelers based on models that took into account factors like GDP, industrial production, vehicle prices, competition and financing availability.

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    14 views3 pages

    SIAM Forecasts 2011 12

    Uploaded by

    krantiak
    Statistical methods were used to create demand forecasts for various segments of the Indian automobile industry by considering relevant demand drivers and variables such as macroeconomic factors, sector factors, and market enablers or barriers. Forecasts predict 2011-12 growth rates between 4-21% for segments including passenger cars, utility vehicles, commercial vehicles, motorcycles, scooters, and three-wheelers based on models that took into account factors like GDP, industrial production, vehicle prices, competition and financing availability.

    Copyright:

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    SIAM

    Demand Forecasts for Indian Automobile Industry

    Statistical methods used for forecasting, considering all the relevant demand drivers for each segment Models prepared after considering an exhaustive list of relevant variables
    Macro-economic variables: eg. GDP components, industrial production, inflation, interest rates, stock indices Sector variables: eg. Model launches, vehicle price, intersegment competition Enablers/barriers: eg. Finance availability, road connectivity

    Forecasts
    Automobile segments Passenger cars Utility vehicles LCV (goods) MHCV (goods) Commercial vehicles (buses) Motorcycles Scooters Three wheelers (Cargo) Three wheelers (passengers) Automobile Industry 2011-12 growth over 2010-11 (per cent) 16-18% 12-14% 18-21% 10-12% 8-10% 11-13% 15-17% 4-6% 10-12% 12-15%

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