Market construct Indian automobile Industry; Tata nano projections

Abstract

Indian Automobile Industry is the seventh largest in the world with an annual production of more than 3.7 million units and is home to 40 million units as on 2010, as per figures reported by OICA(International Organisation of Motor Vehicle Manufacturers). The industry has attained a turnover of USD $35.8 billion, (INR 165,000 crores) in 2010. In the Indian market figures released by SIAM(Society of Indian Automobile manufacturers), we find that passenger vehicles are at a distant second position to two-wheelers, at 16.25% of the Industry.But future prospects look bright as Indian Auto marketis set to grow faster than top 5 global markets(USA,China, Japan,Germany,Brazil) 1 aided mainly by introduction of GST, CNG proliferation and projected GDP growth of more than 9% for the next 10 years.