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Indian Automotive Powertrain Outlook and Trend Analysis
Frost & Sullivan, May 2011, Pages: 111
This report highlights the kind of technologies various market participants are introducing in the passenger car powertrain market. The new technologies not only help to adhere to emission norms but also are able to deliver high fuel efficient engines with more torque and power. Major fuel economy improvement technologies being pursued and implemented on modern gasoline vehicles are; multi-valve engines with variable valve timing and lift, gasoline direct injection engines. The report also highlights consumer preference for the alternate fuel passenger vehicles and their growth forecasts.
Research Overview
This Frost & Sullivan research service titled Indian Automotive Powertrain Outlook and Trend Analysis provides the Mega Trends in the Indian automotive powertrain market. It also offers market, legislative and technology trends as well as the profiles of key vehicle manufacturers. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: gasoline powertrain, diesel powertrain, compressed natural gas/liquefied petroleum gas (CNG/LPG) powertrain, electric and hybrid, and transmission.
Market Overview
Rising Spending Power of the Middle Class to Fuel the Indian Car Market to Grow at a Compound Annual Growth Rate of 9 Percent from 2010 to 2017
Low Car Penetration of Approximately 8 Cars per 1,000 People Signifies Huge Opportunities for the Automotive Industry in India.
The rising Indian middle-class with increasing disposable income is a significant influence on the fortunes of the automobile industry, as customers are expected to shift their preferences from motorcycles to entry-level cars. Continued reduction in import tariff, coupled with investor-friendly norms pertaining to foreign direct investment, is expected to drive the total market growth. India has developed as a small car manufacturing hub for the domestic and international market. Apart from the cost advantage, the country also has a significant base of experienced auto component suppliers. Frost & Sullivan notes that in the passenger vehicles (PV) segment, small displacement engines will phase out the larger displacement engines, which will be restricted to the premium segments. Gasoline downsizing to comply with the Euro emission norms, along with turbo charging, will gain momentum and an increasing number of models will have alternate fuel capabilities, along with the ‘right-sized' engines.
While the passenger car production in India is likely to reach 3.9 to 4.0 million by 2015 (the hatchback segment accounted for more than 50 percent of those figures), original equipment manufacturers (OEMs) of gasoline passenger cars are likely to concentrate more on engine capacity within the range of 1.0 to 1.2 liter due to excise duty benefits. “Improved technologies for fuel economy are being implemented on modern gasoline vehicles,” says the analyst of this research. “These include multi-valve engines with variable valve timing and lift; as well as gasoline direct injection (GDI) engines with stratified charge lean mixture, engine downsizing, and turbo charging.” The medium and premium segment is likely to be dominated by the diesel passenger cars due to the better fuel efficiency of diesel variants and low cost of diesel. Technologies such as common rail direct injection and variable geometry turbo charging are the major growth drivers for diesel cars, providing more torque and power than gasoline passenger cars. Meanwhile, the growth in alternative fuel infrastructure has resulted in increased adoption of CNG and LPG vehicles, as CNG is 25 percent cheaper than gasoline.
Diesel and petrol hybrids are expected to remain a niche in the Indian market during the next three to four years, as plug-in electric hybrid vehicles are yet to gain momentum due to the lack of credibility in the existing battery technology. The existing battery solutions are limited to mini cars with low gross vehicle weight. The Government's initiative to reduce the excise duty of hybrid vehicles is likely to make them more viable. OEMs are expected to offer hybrids to customers from 2012, mainly to indicate their environment-friendly approach. Micro hybrids or start-stop systems are likely to account for a large share of the hybrid market in India. Euro Norms enforced by the Government are helping to reduce pollution levels in the country. They are also aiding new technology adoption by OEMs such as multi-point fuel injection and common rail direct injection. “Natural gas has emerged as the most preferred fuel due to its inherent environment-friendly nature, greater efficiency, and cost effectiveness,” notes the analyst. “The preference for alternate fuels is witnessed not only in the A- or B-segment cars, but also in the C- and D-segments.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Gasoline powertrain
- Diesel powertrain
- CNG/LPG powertrain
- Electric and hybrid
- Transmission
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