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India Passenger Car Market Set for Stupendous Growth Finds RNCOS - The production of passenger cars in India is expected to grow at a CAGR of around 11% between 2010-11 and 2013-14, says RNCOS in its latest research report
India Passenger Car Market Set for Stupendous Growth Finds RNCOS

 

PRZOOM - /newswire/ - Noida, Uttar Pradesh, India, 2010/10/01 - The production of passenger cars in India is expected to grow at a CAGR of around 11% between 2010-11 and 2013-14, says RNCOS in its latest research report.

   
 
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According to our research report “India Passenger Car Market Analysis”, India represents one of the world’s largest and fastest growing automobile markets. De-licensing in 1991 brought revolutionary changes in the industry and provided well-deserved and timely growth impetus to the industry. This attracted foreign auto giants to set up their production facilities in the country in a bid to take advantage of various benefits offered by the industry. Many factors have been boosting automobile demand in the country for the past few years. Even in the wake of economic slowdown, the industry sustained its positive growth momentum mainly because of strong domestic demand for passenger cars.

Realizing booming passenger car demand in the country, many domestic and foreign automobile giants are formulating capacity expansion strategies, and billions of dollar worth of investments already in pipeline. Production and sales growth of the Indian passenger car market was one of the fastest in the world. Considering huge market potential, the production of passenger cars is projected to grow at a CAGR of around 11% between 2010-11 and 2013-14. Consequently, the country has emerged as a potential competitor of the Chinese automobile industry.

“India Passenger Car Market Analysis” is an outcome of extensive research and thorough analysis of the Indian passenger car industry done by our experienced team of industry experts. A comprehensive evaluation of production, sales and exports has been done by segment and company. Each section succinctly explains the current and future market trends and ongoing developments in the Indian passenger car market. Capacity installation trends have also been covered in the report.

Our study provides an insight into future trends. Recent developments taken place in the green car market have been discussed in the report. A brief overview of mergers and acquisitions has been given in the report. An analysis has been done on consumer behavior and regulatory environment. In addition, a brief overview of prominent market players has been included in the competitive landscape section. The section includes business description, strategies and recent developments, which will provide our clients a competitive advantage.

Report/IM258

About RNCOS
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

 
 
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India Passenger Car Market Set for Stupendous Growth Finds RNCOS

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