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| India is the third largest car market |
- Annual Domestic Motor Vehicle Sales (Apr '06 - Mar '07)
- Passenger Cars: 1,076,408
- Commercial Vehicles: 467,882
- Motorcycles: 6,553,664
- India's Car production capacity expected to surpass 2 million units by 2008 from the current capacity of 1.4 million units
- India is expected to move ahead of U.K. and Canada as a car-producing country by 2008.
- India is the third largest car market in Asia-Pacific after China and Japan.
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| Car Sales in India reach a record high in 2006-07
1st May, 2007 |
- India’s annual car sales crossed 1 million mark first time ever. Record increase of 22% to 1.07 million in 2006-07 from 882,208 in 2005-06.
- 10 of the 12 car-makers in India registered double-digit growth.
- Highest volume registered in compact segment with sales of 752,916 units, up 31.43% from the previous fiscal year.
- Maruti Udyog Ltd, India’s largest car manufacturer continues to keep more than half of the pie with more than 51% market share in passenger car segment, although slips marginally from 51.72% market share last year.
- Hyundai Motor India, Indian entity of the Korean Hyundai Motor Company remains at the second position with 18.10% market share, Tata Motors, part of Tata Group, India’s largest diversified business conglomerate ranks third with 16.63% market share
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| Two-wheeler sales moves up 11.42%
1st May, 2007 |
- Total two-wheeler sales has gone up to 7.86 million units in 2006-07, up 11.42% from 7.05 million last year.
- Hero Honda Motors Ltd, the largest motorcycle-maker of the world, maintains its market share at 41.35% market share in 2006-07, almost similar to previous year at 41.24%.
- Bajaj Auto Ltd continues to rank second with 26.70% market share, TVS Motor Company Ltd at third position with 18.14% market share.
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| India’s two-wheeler production expected to double in 5 years 26th December, 2006 |
- Production of 8.63 million two-wheelers expected by close of financial year 2006-07.
- Production expected to reach at 17.85 million units by 2011-12, more than double of current production.
- Two-wheeler production capacity to reach at 22.31 million in 2011-12 compared with 10.78 million in 2006-07.
- India to export 1.39 million two-wheelers in 2011-12 compared with 590,000 in 2006-07.
- Total investment for new capacity generation in two-wheeler segment expected to be more than $2.2 billion (Rs.10,000
crore).
- Total vehicle production by the automobile industry in India crosses 10 million mark for the first time in calendar year 2006.
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| Auto Component Industry to double in 4 years
6th December, 2006 |
- The Indian auto component industry is likely to almost double to $18.7 billion by 2009 and reach to about $40 billion by 2014 from the current $10 billion market.
- Industry exports is expected to increase to about $6 billion by 2008-09 from $1.8 billion currently.
- India has a cost advantage of about 30% with respect to casting and forging compared to western countries.
- General Motors Corp., world's largest automaker will ship parts worth $1 billion to its global production units by 2010 from India.
- Robert Bosch GmbH of Germany, a leading global supplier of automotive, industrial, consumer goods and building technology will invest $201.4 million in its Indian subsidiaries over two years. Bulk of the investment will be in Motor Industries Co Ltd (Mico), the Bosch flagship in India.
- Dubai-based auto ancillary company Crosslink International Wheels is planning to up its production capacity in India using the country as a hub for exports to Commonwealth of Independent States (CIS) and South Asian Association for Regional Cooperation (SAARC) countries.
- French automobile group PSA Peugeot Citroën has placed orders for components worth $10 million with Indian companies.
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| Auto sales rides festive season boom
October 06, 2006 |
- Total sales of Maruti Udyog, the largest car company in India, in September 2006: 59,420 units (up 20.6% from 49,278 in September 2005)
- Total sales of Tata Motors, the largest automobile company of India, in September 2006: 49,157 units vs 39,707 in September last year, up 23.8%
- Passenger car sales by Tata Motors in September 2006: 18,609 units, up 15.7%
- Total sales of Hero Honda, the world’s largest motorcycle company, in
September 2006: 301,577, up 13.3% from 266,071 in September 2005
- Total sales of Bajaj Auto, India’s second largest motorcycle company, in
September 2006: 300,141 units, up 38% from September 2005
- Bike sales of Bajaj Auto in September 2006: 271,377 units, up 50% from September last year
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