Pricing Critical in the Cost-Conscious Indian Automotive Market.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- The growing demand for economy-range cars has compelled manufacturers in the Indian automotive market to provide cars at every price point. Passenger cars, especially those in segment 'B' ($6,700 to $11,000), are the fastest selling. Automobile manufacturers are also currently trying to make them affordable to segment A (below $6,700) buyers. New analysis from Frost & Sullivan (http://www.automotive.frost.com), Forecast of the Indian Automotive Industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , reveals that this industry generated revenues totaling $14.3 billion in 2003. Total market revenue expects to reach $15.73 billion in 2010. If you are interested in a virtual brochure, which provides manufacturers, end-users and other industry participants an overview of the latest analysis of the Forecast of the Indian Automotive Industry - then send an email to Melina Gonzalez- Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. at melina.gonzalez@frost.com with the following information: your full name, company name, title, telephone number, fax number and email. Upon receipt of the above information, an overview will be sent to you via e-mail. The strategy of offering cars at every price point aims at bringing two-wheeler owners into the 'potential car buyer' category. It helps manufacturers reach more potential customers, especially since it has been established that a household earning more than $5,000 per annum Per annum Yearly. can afford a passenger car. "According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the recent Asian Demographic Review, the number of households earning more than $5,300 per annum is likely to increase by 14.5 million during financial years of 2002 to financial year 2007," elaborates Frost & Sullivan Research Analyst Sindhu Nair. "This creates a larger market for passenger car manufacturers." To cash in on the opportunities presented by this expanding end-user market, manufacturers introduced a slew of models such as General Motors Corsa Sail, Chevrolet Optra, Hyundai Santro Xing, Tata Motors Tata Motors Limited, formerly known as TELCO (TATA Engineering and Locomotive Company), is India's largest passenger automobile and commercial vehicle manufacturing company. It is also the world's 5th largest commercial vehicle manufacturer. Indigo and Toyota Corolla The Toyota Corolla is a compact car produced by the Japanese automaker Toyota, which has become very popular throughout the world since the nameplate was first introduced in 1966. In 1997, the Corolla became the bestselling car in the world, with over 30 million sold as of 2007. and Camry in 2003. Although these product launches are likely to intensify in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: competition and affect profit margins, customers are happy with the wide choices available. The 27 percent rise in car sales in the first half of financial year 04 has helped maintain a positive overall growth rate. "The current pace of launches is likely to be sustained, as new variants of car models are needed at more than one price point," notes Nair. "This also helps showcase novel technological or comfort features." The wider choice and easy availability of models, along with the rising income (especially among young adults), and low equated monthly installments (EMIs) have made segment C ($11,000 to $22,200) cars more affordable. Even in the motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. segment, there have been numerous model launches covering various power, engine capacity, and price points in financial year 2000 to financial year 2004. A spate of model launches, an increase in the number of participants (both domestic and foreign), and the needs to counter the pressure on margins have made it a buyer's instead of a seller's market. By investing in R&D and improving overall efficiency, manufacturers expect to compete more effectively and achieve substantial sales. The Forecast of the Indian Automotive Industry, a part of the 9808 subscription, looks at the future of the Indian automotive industry, providing sales forecasts Sales forecast A key input to a firm's financial planning process. External sales forecasts are based on historical experience, statistical analysis, and consideration of various macroeconomic factors. for the various vehicle segments - two-wheelers, passenger vehicles (including cars and multi-utility vehicles), commercial vehicles (trucks and buses), and tractors. The research also includes model level forecasts for the two fast growing segments - passenger cars and two-wheelers. Executive summaries and analyst interviews are available to the press. Frost & Sullivan, a global growth consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , has been supporting clients' expansion for more than four decades. Our market expertise covers a broad spectrum of industries, while our portfolio of advisory competencies include custom strategic consulting, market intelligence and management training. Our mission is to forge partnerships with our clients' management teams, to deliver market insights, and to create value and drive growth through innovative approaches. Frost & Sullivan's network of consultants, industry experts, corporate trainers A corporate trainer is a specialized skill development position in a corporation where the goal is to help improve the "soft skills" or "people skills" of the workers in the corporation. and support staff, spans the globe with offices in every major country. Forecast of the Indian Automotive Industry 4148 Keywords used in this release: Automotive Industry, Indian, Asian Demographic Review, General Motors Corsa Sail, Chevrolet Optra, Hyundai Santro Xing, Tata Motors Indigo, Toyota Corolla, Camry, equated monthly installments, EMIs, two-wheelers, passenger vehicles, multi-utility vehicles, commercial vehicles, tractors, research, information, market, trends, technology, service, forecast |
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