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INDEX
OUTLOOK SECTION
Executive Summary
Outlook on Domestic Market
Outlook on Profitability
INDUSTRY BASICS
Evolution of the Industry
Industry Segments
Demand
Cost Analysis
Credit Profile
Export
Regulatory scenario
COMPANY SECTION
Bajaj Auto Ltd
Hero Honda
TVS Motor Company Ltd
ANNEXURES
Player wise motorcycles
domestic sales
Player wise motorcycles
exports
Player wise mopeds
domestic sales
Player wise mopeds export
Player wise scooter
domestic sales
Player wise scooter export
Sub-segment wise domestic
sales
INDIAN TWO WHEELER INDUSTRY
The domestic two-wheeler industry has witnessed strong growth
scenario in
FY10 and FY11. Rising income levels, lower dependence on finance
and
lower penetration levels in rural markets were key drivers for
this growth.
CARE Research foresees the Industry to sustain economic slowdown
owing
to higher rural demand and less dependence on financing.
CARE Researchs report on The Indian Two-Wheeler Industry
gives
valuable insight of the industry encompassing its evolution in
India, its
characteristics, demand drivers, Government regulations,
commentary on
industry players and competition and the trends in domestic
sales and
exports. The trends are analysed in depth for various vehicle
segments,
namely motorcycles, scooters, mopeds and electric two-wheelers,
further sub-
classified based on the engine capacity. Various segments and
sub-segments
are appropriately associated with the relevant products and
companies for
enhancing the understanding of the competitive scenario in the
industry. The
cost analysis presented in the report will help the reader
identify the critical
cost items and their trends. The company section in the report
provides
detailed profiles of the top three players in the industry,
including information
on their financial and operational parameters.
The report presents CARE Researchs forecasts of domestic as well
as export
sales for each of the next five years till FY16, separately for
all the segments.
CARE Research has developed a robust model for forecasting
domestic
sales. It takes into account the cost of owning a two-wheeler,
age
demographics and income distribution of the populace. It also
attempts to
quantitatively adjust for qualitative factors like current
economic scenario and
outlook, consumer confidence level and persuasive sales
techniques of
dealers and vehicle financers.
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Credit Analysis & REsearch Ltd. (CARE), promoted in 1993 by
some of the leading Indian banks and financial institutions
including Industrial
Development Bank of India (IDBI), Canara Bank and others is
amongst the premier credit rating agencies in India and provides
credit rating,
research and information services. CARE Ratings is well equipped
to rate all types of debt instruments including Commercial Papers,
Fixed
Deposits, Bonds, Debentures, Hybrid Instruments, Preference
Shares, Loans, Structured Obligations, Asset Backed Securities,
Residential
Mortgage Backed Securities etc. CARE Ratings methodologies are
in line with the best international practices.
CARE Ratings has completed over 7075 rating assignments having
aggregate value of about Rs.20,988 billion (as at December 31,
2009), since
its inception in April 1993. CARE is recognized by Securities
and Exchange Board of India (SEBI), Government of India (GoI) and
Reserve Bank ofIndia (RBI).
CARE Research & Information Services (CARE Research) is an
independent division of CARE. CARE Research services a variety of
business
research needs with credible, high quality research and analysis
on various facets of the Indian Economy and Industries.
Publications include
Industry Reports, Debt Market Review, Budget Analysis and other
policy impact analysis and special commentaries on topical issues.
CARE
Research offers both subscription based reports as also
customized reports on request. The reports by CARE Research provide
insightful data
and analysis on various industry sectors and CAREs outlook on
the same.
The Subscription to the report on Indian Commercial Vehicle
Industry, March 2010 by CARE Research includes monthly updates on
the industry
from date of subscription.
To view a detailed index of content and synopsis of the report
you can visit
athttp://www.careratings.com/content/ResourceCenter/IndustryReport.aspx
For any queries regarding the content & scope of the report
kindly reach us at [email protected]
To place an order, please contact:
Ms. Revati Kasture [email protected]
Head - CARE Research [email protected]
(B) : +91-22-6754 3456
(D) : +91-22-6754 346
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