Indian auto industry sales and growth

The Indian Auto Industry is in critical and highly competitive because of a number of new global and Indian auto companies. India is the world’s 2nd largest manufacturer of 2 wheelers and 9^th largest car manufacturer. Automobile production is consistently showing an upward trend in the last few years till 2009. Automobile production including Buses, Cars, Autos and Bikes stood at 11.2 million units in 2008-09, this is almost double the figure as on 2002- 03.

Sales during Oct 2009 compared to 0ct 2008

Honda-347%,

Ford-98%,

Skoda-97%,

Hyundai-41%

Maruti-21%

Reasons for the rise of sales

1) Road infrastructure

2) Higher per capita income

3) Lowest interest rates

4) Lot of new models

In the upcoming years it will give on increase that is what all the expertise are telling and it is expected to grow to $33-40 b by 2015. India supplies a range of high-value and critical automobile components to worldwide auto makers such as General Motors(GM), Toyota, Ford and Volkswagen. Some of the leading manufacturers of auto components in India include Apollo Tyres, Bosch Ltd, Exide, CEAT, Bharat Forge.