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Indian Commercial Vehicle Industry, 2011
Credit Analysis & Research Limited, Sep 2011, Pages: 70
The Indian commercial vehicle industry (CV) was ranked 8th in the world in CY 2010 in terms of production. The CV industry is directly correlated with the industrial and manufacturing activity growth. Growth in road infrastructure along with strong economic growth has fuelled the growth in the goods carriers (GC) and passenger carrier (PC) segment over the years. The share of roadways has been gradually rising and has surpassed railways, primarily due to better connectivity and convenience
The ‘Indian Commercial Vehicle Industry’ report gives valuable insight into the industry, encompassing its characteristics, trends in domestic sales, industry segments, competitive scenario, demand drivers, profitability, CV financing, government regulations and trade scenario, etc. The trends are analyzed in-depth for GC and PC segments separately. The cost analysis and profitability section of the report will help the reader to identify the critical cost items and their trends. The company section in the report provides detailed profiles of three key players in the industry, including their financial and operational data.
The report provides CARE Research’s forecasts of domestic sales as well as exports for the next five years till FY16. CARE Research has developed a robust model to forecast the domestic CV sales separately for goods and passenger use. The GC segment sales are forecast on the basis of GDP growth and thereby the growth in cargo, the existing fleet capacity and its utilization rate, while the PC segment sales are forecast on the basis of growth in population, the per capita travel depending on the income levels and the split of travel between public and private modes of transport.
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