The Passenger Vehicle (PV) Industry is a key sector of the Indian economy. India is the 4th largest passenger car market in Asia. Current concerns over slowdown in economy is suppressing jobs creation in the country and thereby straining purchasing power. Moreover, factors like high inflation, increasing fuel prices coupled with firm interest rates have considerably raised ownership cost of the vehicles in past couple of years. However, with one of the lowest penetration levels among the key developed and developing countries India still presents healthy growth opportunity for the industry in medium to long term. The report gives valuable insights of the PV industry and outlook for the next 5 years. The report also focuses on key segments in the PV industry and the launches in the respective segments over the years. Regulatory issues and trend in various duties imposed by the Government and detailed cost analysis and credit profile of the key players in the industry also form part of this report. The report presents CARE Research's forecasts of domestic market as well as exports for next five years till FY18. The report also gives insights on the outlook on profitability for next 2 years period
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