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The Tata Nano - the cheapest car made in India The automotive industry in India is one of the largest in the world and one of the fastest growing globally. India's passenger car and commercial vehicle manufacturing industry is the seventh largest in the world, with an annual production of more than 3.7 million units in 2010.[1] According to recent reports, India is set to overtake Brazil to become the sixth largest passenger vehicle producer in the world, growing 16-18 per cent to sell around three million units in the course of 2011-12.[2] In 2009, India emerged as Asia's fourth largest exporter of passenger cars, behind Japan, South Korea, and Thailand.[3] As of 2010, India is home to 40 million passenger vehicles. More than 3.7 million automotive vehicles were produced in India in 2010 (an increase of 33.9%), making the country the second fastest growing automobile market in the world.[4][5] According to the Society of Indian Automobile Manufacturers, annual vehicle sales are projected to increase to 5 million by 2015
and more than 9 million by 2020.[6] By 2050, the country is expected to top the world in car volumes with approximately 611 million vehicles on the nation's roads.[7] The majority of India's car manufacturing industry is based around three clusters in the south, west and north. The southern cluster near Chennai is the biggest with 35% of the revenue share. The western hub near Maharashtra is 33% of the market. The northern cluster is primarily Haryana with 32%.[8] Chennai, is also referred to as the "Detroit of India"[9] with the India operations of Ford, Hyundai, Renault and Nissan headquartered in the city and BMW having an assembly plant on the outskirts. Chennai accounts for 60% of the country's automotive exports. [10] Gurgaon and Manesar in Haryana form the northern cluster where the country's largest car manufacturer, Maruti Suzuki, is based.[11] The Chakan corridor near Pune, Maharashtra is the western cluster with companies like General Motors, Volkswagen, Skoda, Mahindra and Mahindra, Tata Motors, Mercedes Benz, Land Rover, Fiat and Force Motors[12][13] having assembly plants in the area. Aurangabad with Audi, Skoda and Volkswagen also forms part of the western cluster. Another emerging cluster is in the state of Gujarat with manufacturing facility of General Motors in Halol and further planned for Tata Nano at Sanand. Ford, Maruti Suzuki and Peugeot-Citroen plants are also set to come up in Gujarat.[14] Kolkatta with Hindustan Motors, Noida with Honda and Bangalore with Toyota are some of the other automotive manufacturing regions around the country.[15][16][17]
Contents
[hide] 1 Overview 2 History 3 Industry Definition 4 Supply Chain of Automobile Industry 5 Key statistics 5.1 Automobile Production 5.2 Automobile Sales 5.3 Automobile Exports 5.4 Product and service segmentation 5.5 Vehicle Registration 5.6 Total Number of Vehicle Registrations in India from 2001 to 2008 6 Emission norms 7 Geographic Segmentation 7.1 Geographical Segmentation:State-wise motor vehicles registration in India from 2001 - 2008 7.2 Geographical Segmentation: Category-wise number of registrations in States of India 7.3 Geographical Segmentation: Category-wise registration in Union Territories of India
8 Exports 8.1 Top 20 Export destinations in 2007-2008 and growth from previous year 9 Passenger vehicles in India 9.1 Indian automotive companies 9.2 Foreign automotive companies in India 9.2.1 Vehicles manufactured or assembled in India 9.2.2 Vehicles brought into India as CBUs
10 Commercial vehicle manufacturers in India 10.1 Indian brands 10.2 Joint Venture Brands 10.3 Foreign brands
11 Electric car manufacturers in India 12 Market characteristics 12.1 Market size 12.2 Demand determinants
13 International Markets 14 International Markets Analysis 15 Basis of Competition 16 Life Cycle 17 Industry Conditions 18 Taxation 19 MODVAT and CENVAT 20 Customs Duty 21 Service Tax 22 Capital and Labour Intensity 23 Industry Volatility 24 Key Competitors 24.1 Tata Motors 24.2 Maruti Suzuki India 24.3 Hyundai Motor India 24.4 Mahindra & Mahindra 24.5 Ashok Leyland
[edit] Overview
The Indian Automobile Industry manufactures over 11 million vehicles and exports about 1.5 million each year.[18] The dominant products of the industry are two-wheelers with a market share of over 75% and passenger cars with a market share of about 16%.[18] Commercial vehicles and three-wheelers share about 9% of the market between them. About 91% of the vehicles sold are used by households and only about 9% for commercial purposes.[18] The industry has a turnover of more than USD $35 billion and provides direct and indirect employment to over 13 million people.[18]??? The supply chain is similar to the supply chain of the automotive industry in Europe and America. Interestingly, the level of trade exports in this sector in India has been medium and imports have been low. However, this is rapidly changing and both exports and imports are increasing. The demand determinants of the industry are factors like affordability, product innovation, infrastructure and price of fuel. Also, the basis of competition in the sector is high and increasing, and its life cycle stage is growth. With a rapidly growing middle class, all the advantages of this sector in India are yet to be leveraged. With a high cost of developing production facilities, limited accessibility to new technology, and increasing competition, the barriers to enter the Indian Automotive sector are high. On the other hand, India has a well-developed tax structure. The power to levy taxes and duties is distributed among the three tiers of Government. The cost structure of the industry is fairly traditional, but the profitability of motor vehicle manufacturers has been rising over the past five years. Major players, like Tata Motors and Maruti Suzuki have material cost of about 80% but are recording profits after tax of about 6% to 11%.[18] The level of technology change in the Motor vehicle Industry has been high but, the rate of change in technology has been medium. Investment in the technology by the producers has been high. System-suppliers of integrated components and sub-systems have become the order of the day. However, further investment in new technologies will help the industry be more competitive. Over the past few years, the industry has been volatile. Currently, India's increasing per capita disposable income which is expected to rise by 106% by 2015[18] and growth in exports is playing a major role in the rise and competitiveness of the industry. Tata Motors is leading the commercial vehicle segment with a market share of about 64%.[18] Maruti Suzuki is leading the passenger vehicle segment with a market share of 46%.[18] Hyundai Motor India and Mahindra and Mahindra are focusing expanding their footprint in the overseas market. Hero Honda Motors is occupying over 41% and sharing 26%[18] of the two-wheeler market in India with Bajaj Auto. Bajaj Auto in itself is occupying about 58% of the threewheeler market. Consumers are very important of the survival of the Motor Vehicle manufacturing industry. In 2008-09, customer sentiment dropped, which burned on the augmentation in demand of cars. Steel is the major input used by manufacturers and the rise in price of steel is putting a cost pressure on manufacturers and cost is getting transferred to the end consumer. The price of oil and petrol affect the driving habits of consumers and the type of car they buy.
The key to success in the industry is to improve labour productivity, labour flexibility, and capital efficiency. Having quality manpower, infrastructure improvements, and raw material availability also play a major role. Access to latest and most efficient technology and techniques will bring competitive advantage to the major players. Utilising manufacturing plants to optimum level and understanding implications from the government policies are the essentials in the Automotive Industry of India. Both, Industry and Indian Government are obligated to intervene the Indian Automotive industry. The Indian government should facilitate infrastructure creation, create favourable and predictable business environment, attract investment and promote research and development. The role of Industry will primarily be in designing and manufacturing products of world-class quality establishing cost competitiveness and improving productivity in labour and in capital. With a combined effort, the Indian Automotive industry will emerge as the destination of choice in the world for design and manufacturing of automobiles.
[edit] History
The first car ran on India's roads in 1897. Until the 1930s, cars were imported directly, but in very small numbers. Embryonic automotive industry emerged in India in the 1940s. Mahindra & Mahindra was established by two brothers as a trading company in 1945, and began assembly of Jeep CJ-3A utility vehicles under license from Willys.[19] The company soon branched out into the manufacture of light commercial vehicles (LCVs) and agricultural tractors.[20] Following the independence, in 1947, the Government of India and the private sector launched efforts to create an automotive component manufacturing industry to supply to the automobile industry. However, the growth was relatively slow in the 1950s and 1960s due to nationalisation and the license raj which hampered the Indian private sector. After 1970, the automotive industry started to grow, but the growth was mainly driven by tractors, commercial vehicles and scooters. Cars were still a major luxury. Japanese manufacturers entered the Indian market ultimately leading to the establishment of Maruti Udyog. A number of foreign firms initiated joint ventures with Indian companies.[21] In the 1980s, a number of Japanese manufacturers launched joint-ventures for building motorcycles and light commercial-vehicles. It was at this time that the Indian government chose Suzuki for its joint-venture to manufacture small cars. Following the economic liberalisation in 1991 and the gradual weakening of the license raj, a number of Indian and multi-national car companies launched operations. Since then, automotive component and automobile manufacturing growth has accelerated to meet domestic and export demands.[21] Following economic liberalization in India in 1991, the Indian automotive industry has demonstrated sustained growth as a result of increased competitiveness and relaxed restrictions. Several Indian automobile manufacturers such as Tata Motors, Maruti Suzuki and Mahindra and Mahindra, expanded their domestic and international operations. India's robust economic growth led to the further expansion of its domestic automobile market which has attracted significant India-specific investment by multinational automobile manufacturers.[22] In February 2009, monthly sales of passenger cars in India exceeded 100,000 units[23] and has since grown rapidly to a record monthly high of 182,992 units in October 2009.[24] From 2003 to 2010, car sales in India have progressed at a CAGR of 13.7%, and with only 10% of Indian households owning a car in 2009 (whereas this figure reaches 80% in Switzerland for example)[25] this progression is
unlikely to stop in the coming decade.[26] Congestion of Indian roads, more than market demand, will likely be the limiting factor.[27] SIAM is the apex industry body representing all the vehicle manufacturers, home-grown and international, in India.[28]
automotive industry. Examples of these companies are Tata Motors, Maruti Suzuki, Toyota, and Honda. Innovation, design capability and branding are the main focus of these companies. Dealers: Once the vehicles are ready they are shipped to the regional branch and from there, to the authorised dealers of the companies. The dealers then sell the vehicles to the end customers. Parts and Accessory: These companies provide products like tires, windshields, and air bags etc. to automakers and dealers or directly to customers. Service Providers: Some of the services to the customers include servicing of vehicles, repairing parts, or financing of vehicles. Many dealers provide these services but, customers can also choose to go to independent service providers.
Type of Vehicle Commercial Vehicles [18] Three Wheelers [18] Two Wheelers [18] Total Type of Vehicle Passenger Vehicles [18] Commercial Vehicles [18] Three Wheelers [18] Two Wheelers [18] Total
2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 318,430 351,041 467,765 490,494 384,122 307,862 359,920 403,910 364,781 349,719 6,209,765 7,052,391 7,872,334 7,249,278 7,437,670 7,897,629 8,906,428 10,123,988 9,654,435 9,723,391 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 166,402 175,572 198,452 218,401 335,739 29,940 40,600 49,537 58,994 42,673 66,795 76,881 143,896 141,225 148,074 366,407 513,169 619,644 819,713 1,004,174 629,544 806,222 1,011,529 1,238,333 1,530,660
Segment[18] Total Three Wheelers[18] (%) Scoters/Scooterettee (%) Motorcycles/Step-Throughs (%) Mopeds (%) Electric Two Wheelers (%) Total Two Wheelers[18] (%) Grand Total[18] (%)
2003-04 2004-05 2005-06 2006-07 2007-08 4.17 3.90 4.04 4.00 4.01 13.01 11.68 10.21 9.31 11.57 61.24 62.86 65.24 64.83 59.35 4.52 4.08 3.74 3.52 4.47 0.07 0.19 78.76 78.63 79.18 77.73 75.57 100.00 100.00 100.00 100.00 100.00
various states and union territories. About 16 states and 1 union territory had over a million new vehicles registered. Tamil Nadu had about 16 million new vehicles registered, Maharashtra had over 13 million, and Gujarat had over 10 million. About 91% of these vehicles are noncommercial vehicles purchased by households looking for a two-wheeler, or a car. Only about 9% of new vehicles registered are used for commercial purposes. Details of category wise new vehicle registrations in the various states and union territories are displayed. The number of new vehicles registrations has grown by about 66% in the past five years.
[edit] Geographical Segmentation:State-wise motor vehicles registration in India from 2001 - 2008
2001 (in 2002 (in 2003 (in 2004 (in 2005 (in '000) '000) '000) '000) '000) Andhra Pradesh 1111 4,389 5,002 5,720 6,446 Arunachal Pradesh 21 21 21 21 21 Assam 542 596 657 727 798 Bihar 949 1,024 1,121 751 726 Chhattisgarh 857 948 1,076 1,216 1,367 Goa 341 366 397 436 483 Gujarat 5,576 6,008 6,508 7,087 7,892 Haryana 1,949 2,122 2,279 2,548 2,883 Himachal Pradesh 217 244 269 289 329 Jammu & Kashmir 330 364 399 439 493 Jharkhand 909 984 1,101 1,217 1,341 Karnataka 3,537 3,636 3,738 3,977 4,338 Kerala 2,112 2,315 2,552 2,792 3,180 Madhya Pradesh 3,095 3,173 3,459 3,804 4,119 Maharashtra 6,760 7,414 8,134 8,969 10,055 Manipur 77 90 97 106 114 Meghalaya 62 67 73 73 78 Mizoram 31 34 37 42 48 Nagaland 160 177 162 172 186 Orissa 1,096 1,215 1,359 1,525 1,717 Punjab 2,910 3,103 3,308 3,529 3,859 Rajasthan 2,943 3,197 3,487 3,834 4,285 Sikkim 12 13 15 17 19 Tamil Nadu 5,162 5,658 8,005 8,575 10,085 Tripura 50 57 66 76 85 Uttarakhand 364 406 457 516 580 Uttar Pradesh 4,921 5,171 5,928 6,460 7,271 West Bengal 1,690 1,690 2,366 2,548 2,816 Andaman & 25 28 28 28 31 Nicobar Islands Chandigarh 386 386 562 586 629 Dadra & Nagar 13 13 31 35 43 Haveli States\Year 2006 (in '000) 7,232 21 883 694 1,536 537 8,785 3,267 375 556 1,479 4,717 3,612 4,442 11,281 123 84 54 201 1,936 4,225 4,791 21 11,901 95 651 8,144 3,138 34 677 54 2007 (in '000) 8,042 21 973 647 1,726 585 9,633 3,689 421 628 1,630 5,036 4,034 4,710 12,477 134 89 61 215 2,159 4,571 5,281 23 13,860 105 732 8,970 3,464 38 732 67 2008 (in '000) 8,989 21 1,086 593 1,939 638 10,543 4,164 480 719 1,796 5,360 4,564 4,968 13,817 145 95 70 230 2,417 4,992 5,815 25 16,207 117 822 9,919 3,833 42 799 86
2001 (in 2002 (in 2003 (in 2004 (in 2005 (in '000) '000) '000) '000) '000) 37 41 44 48 55 3,635 3,699 3,971 4,237 4,544 4 5 5 5 6 252 270 293 313 359
1, 27 6, 24 94 6 6, 3 9,7 1, ,4 1 23 2 99 03 82 9 5 1 5
3 20 2, 58 2, 12 16, 4, 2 ,3 34 ,2 686 33 9 25 0 72 6 6 1 0, 9 6 1 1 4, 0 0 0 9, 5
20 1, 9, 35 34 13 3 5 57 4, 5,6 25 24 ,5 ,6 ,6 5 9 ,6 31 62 5 3 43 45 01 3 5 81 4
4, 1, 45 9, 4, 20 29, 67 24 2, 3, 13 18 55 4 76 26 41 2,0 8 9,5 49, 2,8 84 5 4,6 ,6 36 87 ,1 71 ,2 ,6 40 50 ,9 ,5 ,9 0 ,9 ,4 ,3 43 6 39 092 27 0 9 26 69 9 2 39 0 06 26 3 5 66 79 36 6 07 37 85 8 6 8, 11 40 14 14 10 21, 40, 61 102 3, 4, 24 11 32 22, 2 4, 36 5,0 ,1 ,9 ,9 ,3 81 83 ,4 ,47 86 44 ,6 ,9 ,8 005 7 24 3 30 00 90 70 25 4 9 24 5 4 8 14 82 68 3 5 4, 11 2 30 67 9 6, 13, 5 ,1 ,9 4 37 385 7 93 18 7 3
Ar A un nd ac Type hr A Ch ha Bi G of a ss hat l h o Vehic Pr a tisg Pr ar a le [18] ad m arh ad es es h h Vehic les 32 (passe 5 nger) Total Com merci al 8 0 0 7 6
7 90 24 41 3 55 7 62 46 2 5 8 4
Cars
Jeeps
9 5 74 26 68 23 14 17 34 7, 0, 66 86 13 45 1,1 12 24, 10 66 88, 9, 8, 5, 8, 6, 7, 0, 2 8 ,6 ,9 0,1 3,2 43, ,4 81 ,3 ,5 621 31 19 19 40 51 96 53 8 4 09 49 76 62 904 56 9 19 06 7 2 1 4 2 5 7 0 2 4 3 5, 1, 6 0 15 991 16 52 9, 9, 2, ,02 2, 6, 7 4 28 2 16 40 5 8 6 7 4 1 8 1, 2, 1, 2, 2, 25 2,7 93 59 87 6,2 75 21, 19 36 22 58 69 3, 32, 7,7 5, 6, 16, ,3 05 ,5 ,7 3, 7, 2, 61 67 45 80 19 794 33 0 01 41 57 18 17 1 4 8 1 3 1 5
2 7 57 27 37 14 26 20 7, 1, 51 74 92, 41 924 8, 14, 4, 33 62 43, 2, 2, 8, 8, 7, 3, 5 5 ,9 ,1 17 8,1 ,00 03 59 85 ,2 ,5 572 41 89 91 03 37 99 0 1 18 87 1 81 6 0 5 0 73 53 4 5 2 0 9 1 8 6 2 1, 7 2 6 3, 2 5 9 7 7, 8 4 8 5 11 12 87 12 10 23, 41, 71 36 262 7, 6, 21 26 32 7,3 0, 9,4 8, ,2 ,3 ,6 41 02 ,6 ,2 ,74 87 76 ,6 ,5 ,7 02 94 01 05 03 31 93 9 4 56 82 1 2 5 49 27 97 3 6 1, 2, - 34 76 44 - 5 5 36, 30 12, 57 51 ,4 609 0 3 88 2, 20 23 - 7 8
36 Omni ,5 Buses 49
27 37 32 45 40 71 4 3, 10 15, 11 9, 201 1, 1, 30 90 1 48 44, 5, 3, 8, 44 20 9, 7, 31, 8, 7 89 ,9 13 9,3 00 ,94 26 82 ,5 9 ,8 4 ,3 321 54 37 38 1 9 01 52 981 08 0 8 69 6 40 4 0 3 7 92 86 7 41 3 3 0 4 3 2 38, 1 - 62 56 12 12 1,9 16 19 580 2, 25 69 24 41 57 3 1, 8 10, -
Ar A un nd ac Type hr A Ch ha Bi G of a ss hat l h o Vehic Pr a tisg Pr ar a le [18] ad m arh ad es es h h 9 0, 7 9, ,8 4 rs 5 4 804 6 85 0 0 0 3 3 2 2, 3, 4, 0, Other 17 9 2,1 8 50 7 s 9 2 03 0 0 2 8 4 4 5 6 3 5, Total 7 5 8 14 15, 1,1 non8, 3, 5, 9, 87 27, comm 8 4 2 43 2 124 ercial 5 2 7 2 3 3 8
Ja Hi m M m T Ut m ad W ac Jh Ka M M N a T Utt ta G H u K hy Ma M P Ra Si es ha ar rn eg iz ag O mi ri ara r uj ar & er a har an un jas k t l kh at ha or al ris l p kh Pr ar ya K al Pr ash ip ja th ki Be Pr an ak lay a an sa N u an ad at na as a ad tra ur b an m ng ad d a a m d ad ra d es h es al es u h m h h ir 4, 0, ,5 0,1 1 13 93 62 12 85 3 8 30 ,1 ,0 4 6 0 4 81 13 9, 9 01 9 021 1 5 8 0
16 17 1, 1, 55, 19 11 11 8, 4, 4, 76 5 19 35 5,7 16, 22 77 24 2,1 ,1 ,0 66 62 40 ,1 ,3 ,0 80 35 51 - ,8 4 ,1 ,1 99 111 1 2 7 22 58 78 5 6 5 02 08 18 6 4 1 95 1 88 64 6, 2, 22 33 27 2, 8, 9, 20 17 71 4 3 8 2, 3, 1, 3, 3, 35 1,0 3,5 10 10 56 7,8 93 48, 31 37 35 49 1, 86, 23, 5, 6, 5, 24, ,8 56 ,8 8, 1, 3, 64 78 32 41 88 12 829 69 3 26 47 13 26 7 2 2 1 3 4 0 5 9 7, 5 6, 2, 9, 74 4, 475 17 15 9 7, 6 ,71 3, 9, 1 22 1 1 33 33 1 0 6 8 6
Multiaxled/Articulated Vehicles/Trucks & 1,519 Lorries Light Motor Vehicles (goods) Buses 459 Taxis 436 Light Motor Vehicles 784 (passenger) Total Commercial 3,198 Two Wheelers 21,743 Cars 1,693 Jeeps 1,033 Omni Buses -
270 408
6,588 2,923 1,831 1,421 4,283 17,046 235,438 47,642 3,838 2,545
Andaman Dadra & & Daman Type of Vehicle Chandigarh Delhi Lakshadweep Pondicherry Nicobar Nagar & Diu Islands Haveli Tractors 261 36 44 165 4,851 44 318 Trailers 67 46 124 99 1,582 Others 461 30 9,705 503 4,541 Total non-commercial 25,258 574,565 27,000 43,281 4,003,463 4,693 295,904
[edit] Exports
Mahindra Scorpio Jeep in service with the Italy's CNSAS. India's automobile exports have grown consistently and reached $4.5 billion in 2009, with United Kingdom being India's largest export market followed by Italy, Germany, Netherlands and South Africa.[30] India's automobile exports are expected to cross $12 billion by 2014.[31] According to New York Times, India's strong engineering base and expertise in the manufacturing of low-cost, fuel-efficient cars has resulted in the expansion of manufacturing facilities of several automobile companies like Hyundai Motors, Nissan, Toyota, Volkswagen and Suzuki.[32] In 2008, Hyundai Motors alone exported 240,000 cars made in India. Nissan Motors plans to export 250,000 vehicles manufactured in its India plant by 2011.[33] Similarly, General Motors announced its plans to export about 50,000 cars manufactured in India by 2011.[34] In September 2009, Ford Motors announced its plans to set up a plant in India with an annual capacity of 250,000 cars for US$500 million. The cars will be manufactured both for the Indian market and for export.[35] The company said that the plant was a part of its plan to make India the hub for its global production business.[36] Fiat Motors also announced that it would source more than US$1 billion worth auto components from India.[37] In July 2010, The Economic Times reported that PSA Peugeot Citron was planning to re-enter the Indian market and open a production plant in Andhra Pradesh with an annual capacity of 100,000 vehicles, investing EUR 700M in the operation.[38] PSA's intention to utilise this production facility for export purposes however remains unclear as of December 2010.
A Tata Safari on display in Poznan, Poland. In 2009 India (0.23m) surpassed China (0.16m) as Asia's fourth largest exporter of cars after Japan (1.77m), Korea (1.12m) and Thailand (0.26m) by allowing foreign carmakers 100% ownership of factories in India, which China does not allow.[3] In recent years, India has emerged as a leading center for the manufacture of small cars. Hyundai, the biggest exporter from the country, now ships more than 250,000 cars annually from India. Apart from shipments to its parent Suzuki, Maruti Suzuki also manufactures small cars for Nissan, which sells them in Europe. Nissan will also export small cars from its new Indian assembly line. Tata Motors exports its passenger vehicles to Asian and African markets, and is in preparation to launch electric vehicles in Europe in 2010. The firm is also planning to launch an electric version of its low-cost car Nano in Europe and the U.S. Mahindra & Mahindra is preparing to introduce its pickup trucks and small SUV models in the U.S. market. Bajaj Auto is designing a low-cost car for the Renault Nissan Automotive India, which will market the product worldwide. Renault Nissan may also join domestic commercial vehicle manufacturer Ashok Leyland in another small car project.[39] While the possibilities are impressive, there are challenges that could thwart future growth of the Indian automobile industry. Since the demand for automobiles in recent years is directly linked to overall economic expansion and rising personal incomes, industry growth will slow if the economy weakens.[39]
[edit] Top 20 Export destinations in 2007-2008 and growth from previous year
Rank 1 2 3 4 5 6 7 8 9 10 11 12 Country United States of America Italy Sri Lanka South Africa United Kingdom United Arab Emirates Algeria Bangladesh Egypt Germany Colombia Nepal 2007-2008 (in USD Millions) 593.64 332.35 249.14 224.93 165.57 164.44 147.34 137.26 134.43 133.52 118.88 111.33 2008-2009 (in USD Millions) 525.24 359.68 216.11 188.57 246.32 192.74 265.63 164.86 143.54 409.63 120.71 98.13 Percentage Growth -11.52 8.22 -13.26 -15.79 48.77 17.21 80.28 20.11 5.99 206.8 1.54 -11.86
Rank 13 14 15 16 17 18 19 20
2007-2008 (in USD Millions) 93.80 83.53 81.01 76.77 66.01 65.75 65.19 59.91
2008-2009 (in USD Millions) 94.10 73.82 56.96 134.21 148.74 127.63 163.66 38.30
Percentage Growth 0.32 -11.63 -29.69 74.83 125.03 94.1 151.05 -36.07
Manufactured only in Chennai, India, the i10 is one of Hyundai's best selling globally exported cars.
Maruti Swift. Maruti Suzuki, a subsidiary of Japan's Suzuki Motor, is the largest automobile manufacturer in India.[73] BMW India:[74] 3 Series, 5 Series, X1, X3. Fiat India[75] (in collaboration with Tata Motors): Grande Punto, Linea. Ford India:[76] Figo, Fiesta Classic, Fiesta, Endeavour. General Motors India[77] Chevrolet:[78] Spark, Beat, Aveo U-VA, Aveo, Optra, Cruze, Tavera. Honda Siel:[79] Brio, Jazz, City, Civic, Accord. Hyundai Motor India:[80] Eon, Santro, i10, i20, Accent, Verna, Sonata. Land Rover:[81] Freelander 2 Maruti Suzuki:[82] 800, Alto, WagonR, Estilo, A-star, Ritz, Swift, Swift DZire, SX4, Omni, Eeco, Gypsy. Mercedes-Benz India:[83] C-Class, E-Class, M-Class, S-Class. Mitsubishi[84] (in collaboration with Hindustan Motors):[85] Lancer, Lancer Cedia, Pajero. Nissan Motor India:[86] Micra, Sunny, Evalia. Renault India:[87][88][89] Pulse, Duster, Fluence, Koleos. Toyota Kirloskar:[90] Etios Liva Etios, Corolla Altis, Innova, Fortuner. Volkswagen Group Sales India: Audi India: A4, A6, Q5. koda Auto India:[91][92] Fabia, Rapid, Laura. Volkswagen India:[93][94] Polo, Vento, Jetta, Passat.
Opel was present in India until 2006. As of 2011, Opel only provides spare parts and vehicle servicing to existing Opel vehicle owners.
[edit] Vehicles brought into India as CBUs Aston Martin:[95] Vantage, Rapide, Virage, DB9, DBS, One-77. Audi:[96] A7, A8, S4, S6, S8, Q7, TT, R8, RS5. Bentley:[97][98] Arnage, Azure, Brooklands, Continental GT, Continental Flying Spur, Mulsanne. BMW:[99] 5 Series GT, 6 Series, 7 Series, X5, X6, X6 M, M3, M5, M6 and Z4. Bugatti:[100][101] Veyron.
Chevrolet: Captiva. Ferrari[102][103]: California, 458 Italia, 599 GTB Fiorano, FF. Fiat[75]: 500, Bravo. General Motors[77]: Hummer H2, Hummer H3. Honda:[104][105] Civic Hybrid, CR-V. Hyundai[80]: Santa Fe. Jaguar:[106] XF, XJ, XK. Koenigsegg:[107][108] CCX, CCXR, Agera. Lamborghini:[109] Gallardo, Aventador. Land Rover:[110] Discovery 4, Range Rover Evoque, Range Rover Sport, Range Rover. Maserati:[111] Quattroporte, GranTurismo, GranCabrio. Maybach:[112] 57 and 62. Mercedes-Benz:[113] CL-Class, GL-Class, R-Class, CLS-Class, SL-Class, SLK-Class, Viano, G-Class, SLS. MINI:[114] Cooper, Cooper S, Convertible, Countryman. Mitsubishi: Montero, Outlander, Evo X. Nissan:[115] Teana, X-Trail, 370Z, GT-R. Porsche:[116][117] 997, Boxster, Panamera, Cayman, Cayenne, Carrera GT. Rolls Royce:[118] Ghost, Phantom, Phantom Coup, Phantom Drophead Coup. koda[91]: Yeti, Superb. Suzuki: Grand Vitara, Kizashi. Toyota[90]: Prius, Camry, Land Cruiser, Land Cruiser Prado. Volkswagen:[119] Beetle, Tiguan, Touareg, Phaeton. Volvo:[120] S60, S80, XC60, XC90.
VE Commercial Vehicles Limited[126] - VE Commercial Vehicles limited A JV between Volvo Groups & Eicher Motors Limited. Ashok Leyland[127] - originally a JV between Ashok Motors and Leyland Motors, now 51% owned by Hinduja Group Mahindra Navistar[128] - a 51:49 JV between Mahindra Group and Navistar International Swaraj Mazda[129] - originally a JV between Punjab Tractors and Mazda, now 53.5% owned by Sumitomo Group Kamaz Vectra[130] - A JV between Russia's KaMAZ and the Vectra Group Volvo[131] Tatra[132] MAN[133] Mercedes-Benz[134] - manufactures luxury coaches in India. Daimler AG[135] - manufactures BharatBenz, a brand of trucks based on the Fuso and the Mercedes Benz truck platforms, which Daimler AG owns. Rosenbauer[136] Scania[137] Iveco[138] Hino[139] DAF[140] Isuzu[141] Piaggio[142] Caterpillar Inc.[143] Ajanta Group[144] Mahindra[145] Hero Electric[146] REVA Tara International[147] Tata[148]
investment of USD 10.9 billion.[18] The industry has provided direct and indirect employment to 13.1 million people. Automobile industry is currently contributing about 5% of the total GDP of India. India's current GDP is about $1.4 trillion and is expected to grow to $3.75 trillion by 2020.[18] The projected size in 2016 of the Indian automotive industry varies between $122 billion and $159 billion including USD 35 billion in exports. This translates into a contribution of 10% to 11% towards India's GDP by 2016, which is more than double the current contribution.[18]
while sales of the high-end Jaguar Land Rover model owned by Tata Motors rose impressively during a period when more affordable passenger car sales were experiencing a downturn.[149]
competitive cost, fairly well developed credit and financing facilities and local availability of almost all the raw materials at a competitive cost, has emerged as one of the favourite investment destinations for the automotive manufacturers. These advantages need to be leveraged in a manner to attain the twin objective of ensuring availability of best quality product at lower cost to the consumers on the one hand and developing and assimilating the latest technology in the industry on the other hand. As per Automotive Mission Plan 20062016 (2008), the Indian Government recognises its role as a catalyst and facilitator to encourage the companies to move to higher level of competitive performance. The Indian Government wants to create a policy environment to help companies gain competitive advantage. The government aims that with its policies its encourage growth, promote domestic competition and stimulate innovation.
operators, as the present incumbents include some of the largest multinationals, that have considerable claims to new technology. The relative large size of domestic market, together with high competition, has already seen significant rationalisation of this industry.
[edit] Taxation
India has a well developed tax structure. The power to levy taxes and duties is distributed among the three tiers of Government, in accordance with the provisions of the Indian Constitution. The main taxes/duties that the Union Government is empowered to levy are:- Income Tax (except tax on agricultural income, which the State Governments can levy), Customs duties, Central Excise and Sales Tax and Service Tax. The principal taxes levied by the State Governments are:- Sales Tax (tax on intra-State sale of goods), Stamp Duty (duty on transfer of property), State Excise (duty on manufacture of alcohol), Land Revenue (levy on land used for agricultural/non-agricultural purposes), Duty on Entertainment and Tax on Professions & Callings. The Local Bodies are empowered to levy tax on properties (buildings, etc.), Octroi (tax on entry of goods for use/consumption within areas of the Local Bodies), Tax on Markets and Tax/User Charges for utilities. Excise Duty Central Excise duty is an indirect tax levied on those automobiles which are manufactured in India and are meant for home consumption. The taxable event is 'manufacture' and the liability of central excise duty arises as soon as the automobiles are manufactured. It is a tax on manufacturing, which is paid by a manufacturer, who passes its incidence on to the customers. Types of Excise Duties Basic Excise Duty: This is the duty leviable under First Schedule to the Central Excise Tariff Act, 1985 at the rates mentioned in the said Schedule. Special Excise Duty: This is the duty leviable under Second Schedule to the Central Excise Tariff Act, 1985 at the rates mentioned in the said Schedule. At present this is leviable on very few items. National Calamity Contingent Duty (NCCD): Normally known as NCCD. This duty is levied as per section 136 of the Finance Act, 2001, as a surcharge on specified goods. Excise Duties and Cesses Leviable under Miscellaneous Act:On certain specified goods, in addition to the aforesaid duties, prescribed rate of excise duty and cess is also leviable. Education Cesson excisable goods is levied in addition to any other duties of excise chargeable on such goods, under the Central Excise Act, 1944 or any other law for the time being in force.
manufacturer becomes input for second manufacturer and so on. When the inputs are used in the manufacture of product `A', the cost of the final product increases not only on account of the cost of the inputs, but also on account of the duty paid on such inputs. As the duty on the final product is on ad valorem basis and the final cost of product `A' includes the cost of inputs, inclusive of the duty paid, duty charged on product `A' meant doubly taxing raw materials. In other words, the tax burden goes on increasing as raw material and final product passes from one stage to other because, each subsequent purchaser has to pay tax again and again on the material which has already suffered tax. This is called cascading effect or double taxation. This very often distorted the production structure and did not allow the correct assessment of the tax incidence. Therefore, the Government tried to remove these defects of the Central Excise System by progressively relieving inputs from excise and countervailing duties. An ideal system to realize this objective would have been to adopt value added taxation (VAT). However, on account of some practical difficulties it was not possible to fully adopt the value added taxation. Hence, Government evolved a new scheme, `MODVAT' (Modified Value Added Tax). MODVAT Scheme which essentially follows VAT Scheme of taxation. i.e. if a manufacturer A purchases certain components(raw materials) from another manufacturer B for use in its product. B would have paid excise duty on components manufactured by it and would have recovered that excise duty in its sales price from A. Now, A has to pay excise duty on product manufactured by it as well as bear the excise duty paid by the supplier of raw material B. Under the MODVAT scheme, an Original Equipment Manufacturer can take credit of excise duty paid by First Tier and Second Tier suppliers. It amounts to excise duty only on additions in value by each manufacturer at each stage. MODVAT Scheme ensures the revenue of the same order and at same time the price of the final product could be lower. Apart from reducing the costs through elimination of cascade effect, and bringing in greater rationalization in tax structure and also bringing in certainty in the amount of tax leviable on the final product, this scheme will help the consumer to understand precisely the impact of taxation on the cost of any product. Subsequently, MODVAT scheme was restructured into CENVAT (Central Value Added Tax) scheme. A new set of rules 57AA to 57AK, under The CENVAT Credit Rules, 2004, were framed and whatever restrictions were there in MODVAT Scheme were put to an end and comparatively, a free hand was given to the assesses. Under the CENVAT Scheme, a manufacturer of final product or provider of taxable service must
be allowed to take credit of duty of excise as well as of service tax paid on any input received in the factory or any input service received by manufacturer of final product. Inputs include goods used in the manufacture of capital goods which are further used in the factory of the manufacturer.
Customs Duty (Import duty and Export tax) is a type of indirect tax levied on goods imported into India as well as on goods exported from India. Taxable event is import into or export from India. In India, the basic law for levy and collection of customs duty is Customs Act 1962. It provides for levy and collection of duty on imports and exports, import/export procedures, prohibitions on importation and exportation of goods, penalties, offences, etc. Export duties are levied occasionally to mop up excess profitability in international prices of goods in respect of which domestic prices may be low at the given time. But the sweep of import duties is quite wide.
strengthened by encouraging public-private partnership. National level Automotive Institute for training on automobile at International Training Institutes (ITIs) and Automotive Training Institute (ATIs) to be set up.
An Auto Design Centre to be established at National Institute of Design, Ahmadabad.
National Automotive Testing and R&D Implementation Project (NATRIP) to act as Centre of Excellence for Technical Design Data. Integration of Information Technology in manufacturing to be promoted. R&D for product, process and technology to be incentivised. Road Map for Auto Fuel Policy beyond 2010 would be drawn. The profitability of motor vehicle manufacturers has been rising over the past five years, mainly due to rising demand and growth of Indian middle class. Major players of the industry, like Maruti Suzuki India and Tata Motors have been recording profits of 6% to 11% from the past five years. Whereas, earlier profit margins in the industry were only 1.5% to 3%. Cost of material has reduced from over 85% in the year 2001-2002 to under 80% in the year2008-2009.[18] Wages and salary as a percentage of revenue has been declining and with the increasing labour productivity this is expected to decline further in the coming years.
MPFI system injects fuel into individual cylinders after receiving command from the on board engine management system computer or Engine Control Unit (ECU). This technology results in superior fuel combustion, better fuel management, engine performance and reduced pollution. To get the maximum out from these types of engine one should use Premium petrol like XTRA Premium, Speed, and Power. Common Rail Direct Injection (CRDI) CRDI engine cars offer 25% more power than the normal direct injection engine with a superior pickup and torque, offering sometimes up to 70% more power than the conventional diesel engines. They are smooth, less strident, and immensely fuel efficient giving around 24 kilometres to a litre of Diesel. The fact that Diesel is cheaper than petrol in India further attributes greatness to the engine. In a CRDI engine, a tube or a common rail connects all the injectors and contains fuel at a constant pressure. The high pressure in the common rail ensures that when injected, the fuel breaks up into small particles and mixes evenly with the air, thereby leaving little unburnt fuel thus reducing pollution. The common rail principle has been used to reduce the noise which used to be a downside with earlier Diesel engines; the technology has been pioneered by the Fiat group, only to be adopted by other automobile companies around the world. However, these engines are 25% more costly than the conventional engines. They also require higher degree of maintenance and spares are also expensive. The Indian automotive industry is in the mindset of a major structural transformation in today's globalised scenario. System Supplies of integrated components and sub-systems has become the order of the day, with individual small components being supplied to the system integrators instead of vehicle manufacturers. In this process most of the Small Scale Industrial units, manufacturing smaller individual components, have become tier 2 and tier 3 suppliers, while the large companies including most Multi National Companies are being transformed into tier 1 companies who purchase from tier 2 and tier 3, and sell to the auto manufacturers. (Source: Department of Heavy Industry) Investment in new technology such as supply-chain management and collaborative forecasting (where members of the supply chain share forecasting data to reduce bottlenecks) will help make industry more competitive.
development. According to the Economic Times of India, economic liberalization allowing unrestricted Foreign Direct Investment (FDI) and removing foreign currency neutralisation and export obligations has been also been one of the key to India's automotive volatility.
India's largest selling car in its segment. In 2005, Tata Motors created a new segment by launching the Tata Ace, India's first indigenously developed minitruck. In January 2008, Tata Motors unveiled its People's Car, the Tata Nano, a development which signifies a first for the global automobile industry. Nano brings the comfort and safety of a car within the reach of thousands of families. The standard version has been priced at USD 2,200 or Rs.100,000 (excluding VAT and transportation cost). The Tata Nano has been subsequently launched as planned, in India in March 2009.[18]
To combat the impact of decline in CV sales, the Company focused on noncyclical businesses in the portfolio. The Company produced in all 54,049 vehicles during the year. To contain costs and conserve cash, the Company worked only about 50% of the working days in all its manufacturing units during the second half of the year.
[edit] Footnotes
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Edit this pageMaybe later Categories: Science and technology in India Automotive companies of India Lists of automobiles Motor vehicle manufacturers of India Automotive industry by country Indian automobiles Industry in India Hidden categories: All articles with dead external links Articles with dead external links from June 2011 Articles with dead external links from November 2010 Use British English from November 2011 Use dmy dates from November 2011
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