...well developed transportation system plays a key role in the development of an economy, and India is no exception to it. With the growth of transportation system the Automotive Industry of India is also growing at rapid speed, occupying an important place on the 'canvas' of Indian economy. Today Indian automotive industry is fully capable in producing various kinds of vehicles and can be divided into 03 broad categories: Cars, two-wheelers and heavy vehicles. ← The first automobile in India rolled in 1897 in Bombay. ← India is being recognized as potential emerging auto market. ← Foreign players are adding to their investments in Indian auto industry. ← Within two-wheelers, motorcycles contribute 80% of the segment size. ← Unlike the USA, the Indian passenger vehicle market is dominated by cars (79%). ← Tata Motors dominates over 60% of the Indian commercial vehicle market. ← 2/3rd of auto component production is consumed directly by OEMs. ← India is the largest three-wheeler market in the world. ← India is the largest two-wheeler manufacturer in the world. ← India is the second largest tractor manufacturer in the world. ← India is the fifth largest commercial vehicle manufacturer in the world. ← The number one global motorcycle...
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...------------------------------------------------- ------------------------------------------------- Two Wheeler Industry ------------------------------------------------- A Microeconomic Analysis ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- By Group 8 ------------------------------------------------- Sarabjot Singh 12P043 ------------------------------------------------- Saurabh Mishra 12P044 ------------------------------------------------- Vineet Gupta 12P045 ------------------------------------------------- Swapnil Sheth 12P046 ------------------------------------------------- Shrey Tandon 12P047 ------------------------------------------------- Shrimoy Tripathy 12P048 Contents Introduction 3 Some industry trends of last 20 years: 4 1. Growth in Sales relative to the Real GDP 4 2. Personal Disposable Income 5 3. Petrol Prices 5 4. WPI of Two wheelers 6 Segment wise Price Trends 7 Regression Analysis 8 Elasticity 10 Price Elasticity...
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...heavy commercial vehicle multi utility vehicles such as jeeps, scooters, motorcycle, mopeds, three wheelers, tractors and other agricultural equipment etc. India is emerging as one of the world’s fastest growing passenger car markets and second largest two-wheeler manufacturer. It is also home to the largest motorcycle manufacturer and the fifth largest commercial vehicle manufacturer. The industry currently accounts for almost 7% of the country’s GDP and employs about 19 Million people both directly and indirectly. It’s currently the seventh-largest producer in the world with an average annual production of 17.5 Million vehicles, of which 2.3 Million are exported. The Indian automobile market is estimated to become the 3rd largest in the world by 2016 and will account for more than 5% of global vehicle sales. It is the...
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...Indian two-wheeler industry: Rural India to drive industry's growth The Indian two-wheeler industry has come long way since its humble beginning in 1948 when Bajaj Auto started importing and selling Vespa Scooters in India. Since then, the customer preferences have changed in favour of motorcycles and gearless scooterettes that score higher on technology, fuel economy and aesthetic appeal, at the expense of metal-bodied geared scooters and mopeds. These changes in customer preferences have had an impact on fortunes of the players. The erstwhile leaders have either perished or have significantly lost market share, whereas new leaders have emerged. Rising income levels, reducing excise duties, higher loan tenure and loan-to-value offered by the financing companies have all fuelled the growth of two-wheeler demand. Besides, mounting traffic chaos and limited parking space has also increased the demand for two-wheelers from households that can afford or actually do own a car. Furthermore, with increasing women working population, changing social philosophy and broad-mindedness, the penetration of two-wheelers in target population has increased significantly during last one decade especially in urban areas. However rural areas and smaller towns still remains considerably underpenetrated market. The authors foresee rising income levels combined with increase in finance penetration in rural areas and smaller towns, the demand for two-wheelers will grow swiftly in short to medium...
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...Introduction Bajaj Motors is one of the largest and most competitive two wheeler manufacturing company of the world. It is present in over 50 countries all over the globe. The company is dominantly present in Africa and Latin America with increasing market share every year. Although Bajaj already exporting their product in Nigeria, but we think that they should plan to establish a manufacturing plant in that country. Pro’s and Con’s of entering the market ➢ The two wheeler market runs on high economies of scale. So it is very essential to capture the mass target market. Else, huge loss may occur. ➢ The need for technical expertise is high. ➢ Owning a strong distribution network is important and is very costly. ➢ Suppliers of auto components are fragmented and are extremely critical for this industry since most of the component work will be outsourced. Proper supply chain management is a costly yet a critical need. ➢ The industry rivalry is extremely high with any product being matched in a few months by competitor. This instinct of the industry is primarily driven by the technical capabilities acquired over years of gestation under the technical collaboration with international players. As Bajaj, along with its competitors, such as Hero Honda, TVS, Yamaha, are active at multipoint competitions; it is likely for the competitors to enter if Bajaj is successful at Nigeria. ➢ Petrol prices are always fluctuating in Nigeria. But...
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...not really considered as a matter of prestige to win unlike other sports. The race has both two wheeler and four wheeler versions of it and the four wheeler version, generally with cars is more famous than the motor cycle race. Having said that, there are many takers for the two wheelers races too. Drag racing rules are the simplest possible rules for any game. There will be two cars or motor cycles which go into racing for nearly 1/8th of a mile. The drivers keep accelerating till they reach the finish line and one who reaches the finish line first is declared as the winner. The races are usually held in drag strips that adhere to all the rules and regulations for safety as followed world wide. The strips are designed in such a way that they adhere to the safety guidelines for both drivers and spectators. Drivers as such do not need any special skill for participating or even winning a drag race. While experiencing a drag race live, you cannot help but notice the way the participants are called for the race. The order is not random and follows a specific set of rules. The process is briefly explained as following: There will be a tree which is termed as Christmas Tree that is used to convey the order for the racers one after the other. It is usually placed forty two feet away from the start line. The drivers are required to line up behind the tree. Once the race starts, one of the two yellow color bulb glows and it conveys that the cars are pre-staged. When the second bulb too...
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...minors should not be tried as adults. Should DUI (driving under the influence) law be changed? This topic is very important topic to anyone. The DUI law should be stricter than it is right now. According to US Department of Transport vehicles per 1000 of the population in 2013 is, 787.9 highest all around the world. More the numbers of vehicles per people more vehicles on the road and more vehicles on the road more likely to have an accident. Driving under the influence is one of the major causes of the fatal road accident. People who drive under influence harm not only self but the other too can cause the fatal road accidents and destruction of public property. So DUI law need to be changed so who follow traffic rules and regulations can feel safer. Should all states...
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...[pic] CHAPTER 1 INTRODUCTION INTRODUCTION The automobile industry is one of the largest industries in India as in many other countries. It plays a major role in the growth of economy in India. The automobile industry in India is the ninth largest in the world with an annual production of over 2.3 million units in 2008. The industry comprises automobiles and auto component sectors, which encompass passenger cars, two-wheelers, three-wheelers, tractors, commercial vehicles, multi- utility vehicles and components. Today, the Indian automobile industry is the world s largest motorcycle manufacturer, the second largest two-wheeler and tractor manufacturer, the fifth largest commercial vehicle manufacturer and the fourth largest car maker in Asia. Apart from serving the domestic market, the Indian auto sector has also become a sourcing hub for the global auto giants. In 2009, India emerged as Asia's fourth largest exporter of automobiles, behind Japan, South Korea and Thailand. The Government of India has introduced an ambitious project of setting up world-class automotive testing and R&D infrastructure to place India in the USD 6 trillion global automotive business. This book details the current status and factors influencing the growth of the Indian automobile industry; its future prospects and the success stories of some automobile giants in India. It also focuses on the future growth of the industry as a result of the newly adopted technologies and strategies...
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...in all the segments of the two wheelers industry. As a percentage breakup of revenues in FY 2000, 39% was earned through sale of scooters, 22% through motorcycles, 7% via step-thrus, 23% from three wheelers and 3.4% from mopeds. The company is a major player in the 3-wheeler market with almost 81% market share in the year 2000. Traditionally the focus of Bajaj Auto was in the scooters segment in the two wheelers market. But, of late, due to decline in the scooters volume due to shift in consumer preferences, the company has been shifting its focus towards the other high growth segments in the two wheelers. The business mix of Bajaj is constantly changing in line with the changing trends in the two-wheeler market. Now it is is looking towards the motorcycles segment which is expected to witness high growth rates in the future. It is trying hard to cope with the new trends. The unfavorable sales mix due to shift in the consumer preferences from scooters to motorcycles and from step-thrus to scooterettes was instrumental in lowering the margins for Bajaj Auto. To tackle the growing competition and shift in the consumer preferences, Bajaj is entering aggressively into the motorcycles segment to improve its topline growth. In a bid to sustain and expand market share, Bajaj has been increasing its adspend in the recent years apart from offering attractive discounts and incentive schemes to boost sales. The business environment in the two wheelers market has been very dynamic...
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...Engineering and Locomotive Co. Ltd. was established in 1945. In 1954, the company launched its first automobile; between 1954 and 1969, it collaborated with Daimler Benz to produce commercial vehicles. By the 1990s, the company had entered the passenger vehicle market. In 2004, Tata Motors acquired the Daewoo Commercial Vehicle Co. Ltd., Korea’s second-largest truck manufacturer, and became the first Indian company to be listed on the New York Stock Exchange. The next year, it acquired a 21% stake in a Spanish bus manufacturer, and in May 2008, it bought British automotive icons Jaguar and Land Rover from Ford Motor Co. The automobile industry in India benefited significantly from liberalization in the 1990s, when the government eased regulations on foreign trade and restrictions on private companies. International companies took advantage of India’s affordable yet highly trained engineers, establishing manufacturing operations...
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...[Industrial regulation pertains to the government regulation of firms’ prices or rates within industries. These regulations are in existence to prevent companies from forming a monopoly, to promote competition and achieve allocative efficiency.] (Brue, 2011) In the mid-1800’s industry began to grow and many companies were becoming monopolies by being dominant firms in their industry. They would drive up prices by using questionable tactics. Different businesses and consumers began to complain to the government about the unfairness of prices The government responded with the Sherman Act of 1890 making both monopoly and conspiracies to restrain trade criminal offenses. While the Sherman Act was for breaking up Monopolies, there was nothing in place to stop companies from using practices that would form a monopoly. Therefore, the government came up with the Clayton Act of 1914 this strengthened the Sherman Act by making it illegal for firms to engage in such practices. The communication, energy and water where industries were taking advantage of consumers. These three entities each have either have a high barrier to entry or is so unique that competitors stay out, they are therefor considered Natural Monopolies. They are business where the cost of service and or product can create a cost to the consumer that is lowest when created on a large scale typically with a single source supplier. A natural monopoly usually occurs when the first company to bring the service and or product...
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...Study on Vehicular Pollution and Environmental Administration Course Name: Legal Aspects of Business Faculty: Prof. Name: Roll: 2014PGPMX Submission Date: 15th July 2015 Table of Contents 1. Introduction 3 2. Conceptual Discussion & implementation of the existing system 4 2.1 Vehicular pollutants and their health/environmental effects 4 2.2 Vehicular pollutants and climate changes 4 2.3 Vehicular Pollution Control Measures in India 6 2.4 Vehicular Emission Standards 7 2.5 Emission standards for controlling pollution from new vehicles in India 8 2.6 Road map for Vehicular Emission norms for new vehicles 8 2.7 Inspection & Maintenance (I/M) Practice in India 9 2.8 Pollution Under Control (PUC) Certification system 10 2.9 Noise Standards for Vehicles 12 2.10 Improvement in Fuel Quality 13 2.11 Indian Initiative for Alternate Fuels 13 3. Data Analysis and Interpretation 15 3.1 Environment Protection Act, 1986 15 3.2 The Air (Prevention and Control of Pollution) Act, 1981 16 3.3 The Motor Vehicles Act, 1988 17 3.4 Global Environmental Interaction 19 4. CONCLUSIONS 20 1. Introduction “Nature is the source of all material things: the Maker, the means of making, and the things made. All actions take place in time by the intervening of the forces of Nature; but the man, lost in selfish delusion thinks that he himself is the actor.” (Isha Upanishad) “Environmental conservation is about negotiating the transition from past to future...
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...HERO HONDA-BUSINESS Hero Honda Motors Ltd. is a result of the joint venture between India's Hero Group and Japanese Honda Motors Company in the year 1983. This joint venture has not only created the world's single largest two wheeler company but also one of the most successful joint ventures worldwide. Hero Honda is globally known of being the most fuel-efficient and the largest CBZ selling Indian motorcycle company. This is a relationship so harmonious that Hero Honda has managed to achieve indigenisation of over 95 percent, a Honda record worldwide. The below chart shows the golden years in the history of HERO HONDA :- 1985 | Hero Honda CD-100 | 1989 | Hero Honda SLEEK | 1991 | Hero Honda CD-100 SS | 1994 | Hero Honda Spelendor | 1997 | Hero Honda Street | 1999 | Hero Honda CBZ | 2001 | Hero Honda PASSION | 2002 | Hero Honda DAWN, AMBITION | 2003 | Hero Honda CD-DAWN, SPLENDOR +, PASSION + and Hero Honda KARIZMA | 2005 | Hero Honda SUPER-SPLENDOR, CD-DELUX, GLAMOUR, ACHIEVER | The company is committed to provide the customer with excellence. A rich background of producing high value products at reasonable prices led the world's largest manufacturer of motorcycles to collaborate with the world's largest bicycle manufacturer. During 80s, Hero Honda became the first company in India to prove that it was possible to drive a vehicle without polluting the roads. They company possess three manufacturing units based at Dharuhera, Gurgaon and Haridwar...
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...The automobile and parts industry of Pakistan is dynamic industry which is driven by consumer choice, comfort, safety and design. This industry comprises of two and three wheelers manufacturers and assemblers of motorcycles, motorcars and other light commercial vehicles. The automobile and parts sector of Pakistan is one of the highly traded sectors in the Karachi stock exchange with a turnover of Rs.12, 631,750 (in 10th October 2014). Pakistan’s automobile and parts sector came into existence sometime around 1953 when national motors limited established a plant in Karachi to manufacture Bedford trucks which was the first output to be produced from this industry and since then buses, cars, and motorcycles have been added to the portfolio of this industry. The industry is comprised of several large and medium sized companies however the majority of sales in the industry comes from the three major players Pak Suzuki Motors Co Ltd, Honda Atlas Motors and Toyota Indus Motors. The current investment in this industry accounts for Rs 92 billion and contributes to 2.8% of the country’s gdp. The industry is a host to providing employment to 3.5 million people and is also playing a vital role in establishing a significant vendor industry. The automobile and parts industry of Pakistan was a star performing industry during 2000 to 2005 but bad governance and infrastructure frailties have caused the growth of this sector to decline and has lead this industry into all sorts of trouble. The...
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...Ans-1 The global commercial vehicle industry witnessed negative growth during 2006-2011; however, over 2012-2017, it is forecast to experience moderate growth and is estimated to reach $521.5 billion by 2017.The global commercial vehicle industry consists of the production of light commercial vehicles (LCVs), heavy trucks, and buses and coaches. It focuses on the freight and Transportation sector as its major customers. India will become the third largest market in the world after China and the US for light vehicles, including passenger cars and light commercial vehicles (LCVs), by 2020, according to market research firm JD Power Asia Pacific. The country, however, will have to improve its infrastructure, as well as resolve component supply chain issues, in order to realise its huge potential. “Our forecast is that by 2020, India will become the third biggest market for light vehicles, that includes passenger cars and LCVs, with total sales of nearly 12 million units,” the JD Power Asia-Pacific Executive Director, Mr Mohit Arora, told PTI. In a report — ‘India Automotive 2020: The Next Giant from Asia’ — the firm said India would have jumped from sixth place at present to be slotted after China and the US by 2020, with total sales of 11.9 million light vehicles. In 2010, 2.7 million light vehicles were sold in India, up from just 700,000 light vehicles in 2000. By 2020, China’s light vehicles market is expected to reach 35 million units, while that of the US will rise to 17...
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