Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
I certify that I have checked the post for the following items:
URL is correct and does not have double hyphens.
Title is correct.
Date of post is correct (if scheduled for future go live the dates are the same).
R&A category is correct as it links with divisional sites.
Applicable authors are assigned to the blog.
Body of post is correct (images are displaying correct, bullets, numbers, etc.)
The body copy uses bold for titles, not headers.
All links are working correctly within the body post (hyperlinks, buttons, etc.)
Post closing is displaying correctly when applicable.
Featured is selected when desired (almost all posts should be labeled “featured.”)
Boilerplate text is displaying correctly when applicable.
CTA override is displaying correctly when applicable.
Related products are displaying correctly.
Content type and regions are correctly assigned in the R&A Maker so that they will appear correctly as facets.
The tags shown under “Explore” are correct (e.g., areas of interest, industries).
Corporate writing guidelines have been followed.
Last Published 5/18/2024 3:46:55 PM By Tridion Admin
BLOGFeb 28, 2011
India market mix
Automotive Expert
I've blogged before about my excitement for the Indian auto market and wanted to give you a little closer look at the vehicle mix. India's light vehicle forecast for 2011 is just under 3 million vehicles. This 3 million includes passenger vehicles and light commercial vehicles. But passenger and commercial vehicles make up only 20% of the 2009-2010 vehicle market mix for 2009/2010 according to the Society of Indian Automotive Manufactures. Two wheelers are the top selling vehicle segment in India representing 76 percent of the Indian vehicle market in 2009/2010.
However, two wheelers have lost 3% share to passenger vehicles between 2003 and 2010. This is in part due to the global and local passenger vehicle manufacturers expanding their dealer networks further into rural Indian areas where two wheeler manufacturers have been the only players for years. Don't worry two wheeler manufacturers. There appears to be enough growth for everyone in the Indian market. Between 2009 and 2010 there was 26% growth from both passenger vehicles and two wheelers. And 2011 looks promising as well with Polk's automotive forecast predicting a 14 percent increase in light vehicles for India.
These are exciting times for the Indian automotive market and I look forward to seeing what happens next.
Posted by Margaret Zewatsky, Product Strategist, Polk (02.28.2011)