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Research and Markets: Rising Spending Power of the Middle Class to Fuel the Indian Car Market to Grow at a Compound Annual Growth Rate of 9 Percent from 2010 to 2017

This report highlights the kind of technologies various market participants are introducing in the passenger car powertrain market. The new technologies not only helping in to adhere to emission norms but also able to deliver high fuel efficient engines with more torque and power. Major fuel economy improvement technologies being pursued and implemented on modern gasoline vehicles are: multi-valve engines with variable valve timing and lift, gasoline direct injection engines. The report also highlights consumer preference for the alternate fuel passenger vehicles and their growth forecasts.

Low Car Penetration of Approximately 8 Cars per 1,000 People Signifies Huge Opportunities for the Automotive Industry in India. The rising Indian middle-class with increasing disposable income is a significant influence on the fortunes of the automobile industry, as customers are expected to shift their preferences from motorcycles to entry-level cars. Continued reduction in import tariff, coupled with investor-friendly norms pertaining to foreign direct investment, is expected to drive the total market growth. India has developed as a small car manufacturing hub for the domestic and international market. Apart from the cost advantage, the country also has a significant base of experienced auto component suppliers. Frost & Sullivan notes that in the passenger vehicles (PV) segment, small displacement engines will phase out the larger displacement engines, which will be restricted to the premium segments. Gasoline downsizing to comply with the Euro emission norms, along with turbo charging, will gain momentum and an increasing number of models will have alternate fuel capabilities, along with the right-sized engines.

Companies Mentioned:

• TATA Motors Ltd.
• Maruti Suzuki India Ltd.
• Mahindra & Mahindra Ltd.
• Hyundai Motors India Ltd.
• Ford India Private Ltd.
• General Motors India Ltd.

For more on this please click on link below:

For more information visit http://www.researchandmarkets.com/research/326bcc/indian_automotive.

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