E licenses in 1991, a new path of development of the automobile industry, foreign auto companies to put on various benefits in the country to establish its production facilities. The vast middle class population, in recent years, purchasing power and greater technological efficiency, promotion of the growing demand for automobiles. Despite the economic downturn of the auto industry expects a significant increase in passenger car segment in coming years, especially, our new research report, "Automotive Sector Analysis India, the African Union said.
Passenger car market, which is about 80% of car sales and increase the stock of passenger cars in 2008 around 11 per 1,000 a huge amount of potential. For the production of passenger cars in anticipation of the market potential of around 11% a compound annual growth rate from 2009 10 to 2012-13 is expected to grow by.
Recent launch of Tata Nano has brought a new revolution in the country and became the star of the small car segment. Seeing the good response from consumers, industry segment vehicles in the coming years, the plan is to start several other players. Our research in the forecast period, domestic sales of passenger vehicles increased at a CAGR of nearly 12% of the offers. Two-wheelers, multi-purpose vehicles and light commercial vehicles as in other areas is expected to experience strong growth in coming years.
The report covers various aspects of the Indian automobile market passenger cars, commercial vehicles, trucks, multipurpose, two-wheelers and three wheelers provides a detailed analysis of various sectors. In brief, each section of current and future market trends and explains the development of the Indian car market. The car manufacturers of automotive components and players in the industry as a great opportunity for different players.
In addition, we have complete auto supplier industry and to analyze its future prospects. The study examined the growth prospects for the automotive market, the design of the passenger car market, unconventional vehicle market, the domestic tire industry, India as a global manufacturing center, the green car market, etc.