| India Commercial Vehicle Market Analysis | | | | that a major part of India will be well-connected by |
| India being the second most populated and seventh | | | | the end of 2013-14, which will fuel the demand for |
| largest nation in the world provides a vast and | | | | commercial passenger carriers in the country. Keeping |
| untapped market for global automobile giants. The | | | | this in mind, we have projected the sales of |
| de-licensing in 1991 provided the well-deserved | | | | commercial passenger carriers to register nearly 13% |
| growth essentials, which attracted international | | | | CAGR between 2010-11 and 2013-14. |
| automobile majors to set up their production facilities | | | | On utility vehicle front, the country posted one of |
| in the country to take advantage of various benefits | | | | the fastest year-on-year production growths in |
| available. Increasing earning power, surging capital | | | | 2009-10. In 2008-09, manufacturers were forced to |
| expenditure on various industries and strong | | | | halt their production capacity amid falling domestic |
| technological capabilities have been boosting the | | | | and export demand for utility vehicles. Consequently, |
| automobile demand in the country for past few | | | | the production saw a massive 11% drop in the same |
| years. ( ) | | | | year. With recovering vehicle demand from schools, |
| According to our research "India Commercial Vehicle | | | | corporate and public sector organizations, the |
| Market Analysis", the economic crisis has had | | | | production grew strongly at the rate of around |
| moderate negative effects on the commercial vehicle | | | | 24.4% in 2009-10. We anticipate this trend to |
| market. The slowdown of commercial activities in | | | | continue in coming years also, thus enabling the |
| infrastructure, construction, manufacturing and other | | | | country to become a dominant utility vehicle player in |
| sectors resulted in sluggish demand for commercial | | | | global arena. |
| vehicles. However, in 2009-10, the commercial vehicle | | | | "India Commercial Vehicle Market Analysis" is an |
| segment regained its growth momentum, both in | | | | outcome of and the extensive research objective |
| terms of production and sales, on the strong | | | | analysis done by our industry experts on the Utility |
| fundamentals of recuperating demand from almost all | | | | Vehicle, Multipurpose Vehicle and Commercial Vehicle |
| prominent sectors. Especially, passenger carriers | | | | markets in India. The report provides detailed data |
| registered notable sales momentum and boosted the | | | | and statistics on production, sales and export trends |
| overall commercial vehicle development outlook. In | | | | for each of the abovementioned market segment. It |
| coming years, rapid expansion of cities to suburban | | | | studies all the past and present trends prevailing in |
| areas will also create more demand for mass | | | | the market to give the future market outlook. |
| transportation vehicles in the country. It is expected | | | | |