Indian production will suffer a slight decline in 2013
 

Constrained by an internal market down by nearly 10% in 2013 (the first eight months of the year, passenger car sales fell by 8% and commercial vehicles 11.3%), Indian production accuses a small decline in 2013 for the first time in fifteen years, due to the export growth that does not fully compensate for the decline in the domestic market.


This decline in the Indian market (and production) should not extend over a long period because the market fundamental traits remain good and volumes have very much improved in recent years, especially in 2010.


-The Renault-Nissan group, which recently increased its production capacity in the Indian territory, believes that the current slowdown in certain emerging markets, such as Brazil, Russia and India, is a temporary adjustment of volumes, and expects growth in these countries will restart in 2014. The potential of these countries is indeed promising: in Europe, there are more than 500 cars per 1 000 inhabitants against only 200 per 1000 inhabitants in Brazil, 300 in Russia and 50 in India.


Indian production is dominated by four major manufacturersSuzuki (Maruti), which holds a 30% share of production, Tata Motors, whichholds 17%, Hyundai, which holds 15% and Mahindra, which holds 14%. By themselves, these four manufacturers together hold 76% of the Indian production.

 
13-38-10  
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