Automobiles

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Hero rides away from Honda tech

Saturday, September 15, 2012 12:31:03 PM
Hero MotoCorp has roped in other partners to provide technology as it looks to reduce its dependence Honda Motor Corporation before the new emission norms are introduced in 2015. more
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Overview

Introduction Workplace Diaries Top Companies
The automobiles sector is divided into four segments two-wheelers (mopeds, scooters, motorcycles, electric two-wheelers), passenger vehicles (passenger cars, utility vehicles, multi-purpose vehicles), commercial vehicles (light and medium-heavy vehicles), and three wheelers (passenger carriers and good carriers). The industry is one of the key drivers of economic growth of the nation. Since the delicensing of the sector in 1991 and the subsequent opening up of 100 percent FDI through automatic route, Indian automobile sector has come a long way. Today, almost every global auto major has set up facilities in the country. The world standings for the Indian automobile sector, as per the Confederation of Indian Industry, are as follows: Largest three-wheeler market Second largest two-wheeler market Tenth largest passenger car market Fourth largest tractor market Fifth largest commercial vehicle market Fifth largest bus and truck segment The auto sector reported a robust growth rate of 26 percent in the last two years (2010-2012). The BSE AUTO Index outperformed the benchmark Nifty by 79%, 12% and 19% in FY10, FY11 and FY12, respectively. However, the sector has shown a sluggish growth of 12 percent in 2012. The trend is likely to stay with a 10 percent growth outlined for 2013 citing high ownership costs (fuel costs, cost of registration, excise duty, road tax) and slow rural income growth. Solid but cautious growth is expected over the next few years. However, from a long-term perspective, rising incomes, improved affordability and untapped markets present promising opportunities for automobile manufactures in India. According to Macquaire equities research, sale of passenger vehicles is expected to double in the next four years and growth anticipated is higher than the 16 percent achieved in the past 10 years. Two-wheeler vehicle segment is expected to show slow growth of 10 percent CAGR over the period of 2012-2016, suggests the report. The Government recognizes the impact of the sector on the nations economy, and consequently, the Automotive Mission Plan 2016 launched by it seeks to grow the industry to a size of US $145bn by 2016 and make it contribute 10 percent to the nations GDP.
Factors that will drive growth in the sector Rising incomes among Indian population will lead to increased affordability, increasing domestic demand for vehicles, especially in the small car segment. Fuel economy and demand for greater fuel efficiency is a major factor that affects consumer purchase decision that will bring leading companies across two-wheeler and four-wheeler segment to focus on delivering performance-oriented products. Product innovation and market segmentation will channelize growth. Vehicles based on alternative fuels will be an area of interest for both consumers and auto makers. Focus on establishing India as auto-manufacturing hub is reigning in policy support in form of Governments technology modernisation fund. Industry will seek to augment sales by tapping into rural markets, youth, women and luxury segments. Upcoming trends India is emerging as a strong automotive R&D hub with foreign players like Hyundai, Suzuki, General Motors setting up base in India. This move is further enhanced by Governments support towards setting up centres for development and innovation. Tata Nanos successful entry in the Indian market has steamed up the opportunities of growth available in alternative segments like electric cars, vehicles run on natural gas, etc. Job opportunities in automobile sector According to the Confederation of Indian Industry, auto sector currently employs 787, 7702 people, 58 percent of who are in the passenger car segment. However, there is an increasing demand for skilled professionals in the domain of effective service delivery, spares management and support functions. ITIs and Polytechnics provide 530,000 graduates every year, but there is an urgent need for updating courses to keep up with changing trends in technology, manufacturing, and processes. By Nimrata Grewal
Overview
Introduction Workplace Diaries Top Companies
A
Accel Frontline LtdAmara Raja Batteries LtdAmtek Auto LtdAmtek India LtdANG Auto LtdApollo Tyres LimitedAshok Leyland LimitedAtul Auto LtdAuto Pins (India) Ltd.Autoline Industries LtdAutolite (India) LtdAutomobile Corpn. Of Goa LtdAutomotive Axles LtdAutomotive Stampings & Assemblies Ltd
B
Bajaj Auto LtdBanco Products (India) Ltd.Bharat Forge LimitedBharat Gears LtdBharat Seats LtdBosch Chassis Systems India LtdBosch LimitedBrakes Auto (India) Ltd
C
Ceat LimitedCeekay Daikin LtdClutch Auto LtdCoventry Coil-O-Matic (Haryana) Ltd
D
Daewoo Motors India Ltd.Delta Magnets LtdDenso India LtdDIC India Ltd.
E
Eicher Motors LimitedEnkei Castalloy LtdEscorts Limited
F
Federal-Mogul Goetze (India) LtdForce Motors Ltd
G
Gabriel India LtdGajra Bevel Gears LtdGG Automotive Gears Ltd.Goodyear India LimitedGS Auto International Ltd
H
Halonix LtdHarita Seating Systems LtdHella India Lighting LtdHero Honda Motors LimitedHindustan Composites LtdHindustan Hardy Spicer LtdHindustan Motors LimitedHMT Ltd
I
Igarashi Motors India LtdIndia Nippon Electricals LtdIP Rings LtdIST Ltd
J
Jagan Lamps LtdJai Parabolic Springs LtdJamna Auto Inds. LtdJay Bharat Maruti LtdJay Ushin LtdJBM Auto LtdJK Tyre & Industries Limited
K
KAR Mobiles Ltd.KEW Industries LtdKIC Metaliks LtdKinetic Engineering Ltd.Kinetic Motor Company LtdKonkan Tyres Ltd
L
LML Ltd.Lumax Auto Technologies LtdLumax Automotive Systems LtdLumax Industries Ltd
M
Machino Plastics LtdMagicut Tools LtdMaharashtra Scooters LtdMahindra & Mahindra LimitedMahindra Composites LtdMajestic Auto LtdMaruti Suzuki India LtdMinda Industries LtdModi Rubber LtdMotherson Sumi Systems LtdMRF LimitedMunjal Auto Inds. LtdMunjal Showa Ltd
O
Omax Autos Ltd
P
PAE LtdPorwal Auto Components LtdPrecision Pipes & Profiles Co LtdPricol LtdPunjab Tractors Ltd
R
Rane (Madras) LtdRane Brake Linings LtdRane Engine Valve LtdRaunaq Automotive Components LtdRemsons Industries LtdRico Auto Inds. Ltd
S
Samkrg Pistons & Rings LtdScooters India LtdSetco Automotive LtdShivam Autotech LtdSibar Auto Parts LtdSKF India LimitedSona Koyo Steering Systems LimitedSpectra Industries LtdStandard Batteries Ltd.Steel Strips Wheels LtdSubros LtdSundaram Brake Linings Ltd.Sundaram-Clayton LimitedSundram Fasteners LtdSuprajit Engineering LtdSwaraj Mazda Ltd
T
Talbros Automotive Components LtdTata Motors LimitedTriton Valves LtdTube Investments Of India LtdTudor India LtdTVS Motor Company Limited
U
Ucal Fuel Systems Ltd
V
VST Tillers Tractors LtdVST Tillers Tractors Ltd.Vybra Automet Ltd
W
Wabco-TVS India LtdWheels India Limited

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Pick of the Day

Hero rides away from Honda tech

List of Companies in India All Automobiles Companies

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