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/India PRwire/ - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that the Indian automobile market is now dominated by two-wheelers, but the demand for passenger cars and commercial vehicles will go up.

The report, “Indian Automobile Sector - A Booming Market” which is available at http://www.reportbuyer.com/go/RCS00498 finds that de-licensing by the Government in 1991, has put the Indian automobile industry on a new growth track.

The move has attracted foreign auto giants to set up their production facilities in the country to take advantage of various benefits it offers. The study says this move took the Indian automobile production from 5.3 million units in 2001-02 to 10.8 million units last year.

Analysts say that the other reasons attracting global auto manufacturers to India are the country's large middle class population, growing earning power, strong technological capability and availability of trained manpower at competitive prices.

Also, the publication says that since India has a low vehicle presence (with passenger car stock of only around 11 per 1,000 population in 2008), and so possesses substantial potential for growth.

Key Research Highlights

• Passenger car production in India is projected to cross three million units in 2014-15.
  
• Sales of passenger cars during 2008-09 to 2015-16 are expected to grow at a CAGR of around 10%.
  
• Export of passenger cars is anticipated to rise more than the domestic sales during 2008-09 to 2015-16.
  
• Motorcycle sales will perform positively in future, exceeding 10 million units by 2012-13.
  
• Value of auto component exports is likely to attain a double digit figure in 2012-13.
  

“Indian Automobile Sector - A Booming Market” is available from Report Buyer. For more information, see:

http://www.reportbuyer.com/automotiv...ng_market.html

Source: Press release distribution via India PRwire

About Report Buyer

Report Buyer (http://www.reportbuyer.com/pharma_healthcare/index.html) is a UK-based independent online store supplying business information. The website now carries over 85,000 business information products, including market reports, studies, books and events. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. A regularly updated blog provides information on the latest market trends.



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