2013-09-22 08:51:51 - New Transportation research report from Business Monitor International is now available from Fast Market Research
According to the Society of Indian Automobile Manufacturers (SIAM), auto sales for the first three months of FY2013/14 (April-March) contracted by 7.6% year-on-year (y-o-y), to 774,888 units. We expect the headwinds faced by the Indian autos market to persist over the next few months and have consequently revised our total vehicle sales growth forecast for FY2013/14 to 3.1%, from 4.7% previously, to 3.6mn units.
With passenger car sales sliding by 9.0% y-o-y in June 2013, the car market has now marked its eighth straight month of decline. This poor start to FY2013/14 has prompted us to downgrade our FY2013/14 passenger vehicle sales growth forecast to 2.0%, from 4.0% previously.
Full Report Details at
By end-June 2013, medium and heavy CV
sales have now declined for 16 consecutive months. The gloomy auto market has had a pernicious impact on this segment, with CV sales being the hardest hit in the overall auto sector. However, once the market recovers, we expect CV sales to lead the recovery and forecast sales to grow by 7.0% in FY2013/14, to 850,000 units.
While passenger vehicle and CV sales have been contracting in the past few months, the two-wheeler segment (motorbikes, scooters and mopeds) remains a bright spot in the Indian auto market. Two-wheeler sales for the first two months of FY2013/14 (April-March) grew by about 1% year-on-year (y-o-y), to 2.37mn units.
The positive y-o-y growth rate in the two wheeler segment for April-May sales, compared with the contraction suffered by other segments in the Indian auto market, has been driven by the popularity of fuelefficient scooter models, which we believe will continue to see strong growth. However, the poor start to the year has caused us to downgrade our FY2013/14 sales growth forecast for two-wheelers to 6.0%, from 8.3% previously. That said, we expect motorbike sales to recover in the coming months, as consumer financing rates come down.
Report Table of Contents:
BMI Industry View
- Business Environment
- Production And Sales
- Table: India Autos Sector - Sales And Production, 2011-2018
- Table: India Autos - Trade, 2011-2018
- Industry News
- Passenger Vehicles
- Table: India Autos Sector - Passenger Vehicles, 2010-2017
- Company Developments
- Commercial Vehicles
- Table: India Autos Sector - Commercial Vehicles, 2009-2017
- Company Developments
- Table: India Autos Sector - Motorcycles, 2011-2018
- Industry Developments
- Economic Analysis
Industry Risk Reward Ratings
- Asia Pacific Risk/Reward Ratings
- Table: AUTOS RISK/REWARD RATINGS ASIA-PACIFIC
- Company Monitor
- Hyundai Motor India
- Maruti Suzuki
- Tata Motors
- Mahindra & Mahindra
- Bajaj Auto
- Asia Overview
- Table: VEHICLE SALES MAY 2013 (CBUS)
- Asian EV Landscape
Global Industry Overview
- Global Industry Overview
- Demographic Outlook
- Table: India's Population By Age Group, 1990-2020 ('000)
- Table: India's Population By Age Group, 1990-2020 (% of total)
- Table: India's Key Population Ratios, 1990-2020
- Table: India's Rural And Urban Population, 1990-2020
- Automobile Industry
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com
or call us at 1.800.844.8156.