Passenger vehicle

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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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Updates

    • Monthly Update December 14

    • Monthly Update November 14

    • Monthly Update October 2014

      PV sales growth flat owing to Pitra paksha....

    • Monthly Update September-14

      PV sales witnessed healthy growth driven by strong demand for UV segment....

    • Monthly Update August-14

      PV witnessed healthy growth driven by strong demand for UV segment....

    • Monthly Update July-14

      PV witnessed healthy growth driven by strong demand for PC segment....

    • Monthly Update June-14

      PV sales witnessed some relief in the month of May....

    • Monthly Update May-14

      Another month of despair for PV....

    • Monthly Update April-14

      Excise cut fails to cheer PV demand....

    • Monthly Update Mar-14

      PV demand continues to slide in February 2014....

    • Monthly Update Feb-14

      Governments cuts excise duty across categories to boost PV demand....

    • Monthly Update Jan-14

      PV demand continues to slide in December 2013....

    • Monthly Update Dec-13

      PV demand struggle to grow during November 2013....

    • Monthly Update Nov-13

      Festive season failed to bring cheer to slowdown hit domestic PV market....

    • Monthly Update Oct-13

      PC witnessed marginal rise while UV and MPV observed decline....

    • Monthly Update Sep-13

      PV demand witnessed upsurge fuelled by healthy demand in PC segment....

    • Monthly Update Aug-13

      Low job creations and strained purchasing power continue to obstruct the growth....

    • Monthly Update Jul-13

      Passenger vehicle sales continue to tank for the straight eighth month....

    • Monthly Update Jun-13

      Passenger car sales continue to tumble for seventh consecutive month while Utility Vehicle sales observed moderate growth....

    • Monthly Update May-13

      Passenger car sales continue to decline for the straight sixth month....

    • Monthly Update Apr-13

      Rough patch continues for passenger vehicle industry....

    • Monthly Update Mar-13

      UV sales continues to grow at an impressive rate....

    • Monthly Update Feb-13

      PC sales continue to slide on account hike in vehicle prices and high fuel prices....

    • Monthly Update Jan-13

      Utility Vehicles (UV) sales continue to remain unperturbed....

    • Monthly Update Dec-12

      Passenger Cars (PC) bear the brunt on account of high interest rate and fuel prices....

Impact Analysis

  • Supply shortfall makes dirty fuel preferred over the green fuel

    Macro-economic uncertainties combined with constant rise in petrol prices and firm interest rates have pulled domestic growth levels in PV industry......

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  • On the verge of yet another structural shift

    The Indian passenger car market continues to be dominated by small and compact segment. However, de-regulation in petrol during the first quarter of F.....

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  • Mid-size car, everyone's desire

    The domestic passenger car industry in contrast with the situation a decade ago, when it used to be led by “Maruti 800”, “Ambassador” is now flooded w.....

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  • Low penetration to fuel growth ahead

    The automotive industry globally is among the key sectors of any economy and the growth in the sector mirrors the overall buoyancy in the economy. The.....

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  • Fuel price hike to impact demand for passenger vehicles

    The PV industry witnessed a modest growth of 4.7 per cent in FY12. The growth levels remained subdued last fiscal mainly due to negative sentiments ar.....

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  • Economic headwinds make ride difficult for Passenger Vehicles

    The previous two fiscals FY12 and FY13 were one of the most challenging periods for the passenger vehicle (PV) industry in last one decade as the sect.....

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