Passenger car export from India is expected to reach at 9,50,000 units by 2013-14 over 4,42,000 units in 2009-10, says RNCOS.
Noida, UP -- (SBWIRE) -- 10/31/2010 -- According to our latest research report “India Passenger Car Market Analysis”, India is emerging as a low automobile production base in the world. The cost advantage and technically strong assembling plant capacity enables India to export its passenger vehicles to other countries, including the most developed markets in Europe. Being an expert in small passenger car production, India is expecting high exports of small passenger cars in near future. Exports level is expected to touch the mark of 950000 units by 2013-14 over 442000 units in 2009-10. The report has analyzed factors responsible for this tremendous growth in export. The report has studied exports by segment and company.
We have found that the passenger cars contribute a major portion in the production of four-wheelers in the country. Due to various factors discussed in our report, manufacturers have increased their production in the last few years rather than importing vehicles from other countries. Despite global recession, production is expected to touch peaks in coming years because of new car launches in the market and the government support. The report has analyzed production by segments and company with future forecast for passenger car production till 2013-14.
Our research report “India Passenger Car Market Analysis”, says that reasons like growing number of middle class families and others will create favorable conditions for the sales of new passenger cars to increase quickly. Expansion of urban and sub-urban areas will also result into a high demand for comfort ride, thus escalating the sales. Especially, small passenger car sales will boost the overall passenger car sales in India. The report has studied factors responsible for this growth and provides future potential.
Our team of experts has found that on the back of strong fundamentals of domestic demand and the government support, auto manufacturers are quite optimistic about their capacity expansion plans. The report provides details about the passenger vehicle capacity installation till 2013. Besides, the report has identified a range of factors that are providing opportunities for green car segment. Our report has discussed the green car developments and mergers and acquisitions that took place. The report also covers segments such as, pricing, consumer behavior, and key players.
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About RNCOS
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.