Nidhi Chauhan’s Post

Indian Two Wheeler Product and Market Analysis https://lnkd.in/fyhSNQz #twowheeler #scooter #motorcycle #bajajauto #yamaha #hondamotorcycles #heromotocorp #royalenfield #automotiveindustry #india Indian Two Wheeler Product and Market Analysis is the most detailed report which covers all segments, Brand, Market Dynamics, Trends, Product age, Product life cycle, Aftersales, Buying behavior, Production forecast, Export analysis, Sales, Marketing Strategy, Sales Strategy, Dealer Network, Role of the Internet to buy the vehicle, Model wise critical analysis and its mapping with customers, etc.

🚗𝐈𝐧𝐝𝐢𝐚'𝐬 𝐌𝐚𝐬𝐬-𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐚𝐬𝐬𝐞𝐧𝐠𝐞𝐫 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐇𝐢𝐭𝐬 𝐑𝐞𝐜𝐨𝐫𝐝 𝐒𝐚𝐥𝐞𝐬 📈 The mass-market passenger vehicle industry in India has achieved a noteworthy milestone by surpassing sales of 4 million vehicles in the fiscal year 2023. This significant increase in sales, amounting to 4,100,258 units, highlights the industry's formidable trajectory of expansion. Based on an average monthly volume of 341,688 units, the market exhibits encouraging signs of continued growth and progress. The aforementioned expansion not only signifies the escalating need for passenger automobiles but also underscores the robustness and flexibility of the automotive sector in India. 🔝 𝐓𝐨𝐩 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐂𝐚𝐫𝐬 𝐟𝐨𝐫 𝐏𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝐘𝐞𝐚𝐫🔝 The Maruti Suzuki Swift, which has sold a remarkable 203,469 units, is in first place, followed closely by the Wagon R, which has accumulated 201,301 units sold. The third place was occupied by the Baleno, which sold 193,989 units. In addition to reflecting the success of their respective brands, these best-selling automobiles also indicate shifting consumer preferences and market dynamics. The efficacy of these models serves to emphasize the criticality of ongoing market adaptation and innovation in the automotive sector. Objective Market Research is dedicated to delivering thorough insights and analysis that assist organizations in effectively navigating and capitalizing on such ever-changing market trends. Anticipate further analyses and updates from our team of experts. #marketresearch #automotiveindustry #india #salesdata #growthtrends 🚀

India becomes world's 3rd largest automobile market after surpassing Japan. This information was revealed at the Vibrant Gujarat Global Summit 2024 by the Union Ministry of Road Transport and Highways 'Nitin Gadkari'. ➡️e-Vehicle sales have increased to 500% in 2023 as compared to 2021 and it is also projected that by 2030 the growth will increase by 50%. Projecting India to become the Automobile manufacturing hub as the lithium-ion battery cost has dropped. ➡️Investors were shown the projection of 1 crore EV sales annually creating 5 crores of employment by 2030. ➡️For the 1st time, the total sale volume of cars, sedans and utility vehicles has crossed the 4 million mark in 2023. Also according to the industry estimate last year about 4.1 million passenger vehicles were sold in the local market. ➡️In 2023 the sport utility vehicle(SUV) had the largest share at 48.7% in the market, hatchback at 30% and sedan at 9% of the total percentage of cars segment sold. 🤔Reasons for the increase in the sales volume:- ▶️Reduced COVID impact boosted the supply of chips. ▶️India was able to produce at a faster pace than the other countries as its cars have fewer chips. ▶️Higher disposable incomes, growth of the middle class, better roads and more highways and the propensity to travel more after Covid. To conclude Automobile manufacturing and EV is the future . #hyundai #tatamotors #honda #skoda #marutisuzuki #kiamotors #mahindraandmahindra #toyota #renault #marketing #bussiness #growth

India, the world's fourth-largest auto market, witnesses the annual sale of over 4.7 million vehicles. However, it's not just about selling vehicles; India has also emerged as a significant global market for autoparts manufacturing. Every year, India exports autoparts worth over 19 billion dollars, i.e., more than 1,60,000 crores, to various markets worldwide. Major markets include the United States, the European Union, and various Asian countries. According to a report, these numbers are expected to surpass 80 billion dollars by 2026. This growth is not only contributing to the global automotive supply chain but is also creating numerous job opportunities in India. The MSME sector is particularly benefitting from this trend, experiencing substantial growth. Share your thoughts on this in the comments! For more tips on import and export, you can follow Lime Institute. @kchangani @lime_export_import_institute . . . #AutoMarket #AutoExports #AutoParts #GlobalTrade #IndianAutomobiles #MSMEs #EconomicGrowth #JobOpportunities #AutomotiveIndustry #ExportEconomy #ManufacturingSector #TradeGrowth #IndianEconomy #GlobalSupplyChain #MarketExpansion #EconomicProspects #MSMEGrowth #AutoIndustry #ExportSuccess #JobCreation #EconomicDevelopment #SupplyChain

Indian Automotive will be the second biggest Automobile Industry second to China 🇨🇳 The FIVE major reasons as I imagine 1. Rural Economy is revving up . Two wheeler market is nearing precovid volume of 21 millions. This volume is largely rural driven volume which was suffering post Covid. Rural economy is driven by migrant money from manufacturing sector and agricultural economy. Both are in upward trajectory 2. EV is getting firm grip gradually The government incentives are fuelling the growth. One can find EV scooters in the Urban market aplenty. The per charge Km and battery life are big driving factors now for intracity (within the city)mobility . SUV EVs are growing apart from hatchback 🚗 Hybrid is also gaining ground For intercity the buses are now on the verge getting incentives from government. That will drive highway charging stations faster to grow The society based charging stations have grown exponentially EV has now become synonymous with urban mobility In next five years it will penetrate tier 2 towns 3. Entry segment Cars are coming back again Post BS VI the prices of entry segments went up drastically. And Covid killed rural economy decisively for four years on. Now when rural economy is bouncing back the entry segment cars will drive Maruti’s volume back to the leadership level 4. Export of Automobile will be growing faster : Bajaj Auto has led the way. TVS is catching up. Mahindra is making headlines and Maruti is vouching. The make in India 🇮🇳 autos are going to run in Global South to improve its mobility 5. Auto Spare Parts will be a major income earner India 🇮🇳 will also become spare parts hub as auto component businesses of India goes global. Many component manufacturing companies are acquiring global plants and taking the manufacturing to many shores of globe 🌎 However a word of caution ⚠️ here from ecological points of view With 1.5 billion people when we enhance per capita car penetration, roads will be choked We need simultaneously more metros, better railways and public transport system to keep this unsustainable growth of automobile in check Together India 🇮🇳 and China 🇨🇳 will account for 50% of world’s Auto trade #jenamusings #pmoindia #nitiaayog

Indian Two Wheeler Product and Market Analysis https://lnkd.in/fKKyj5N Indian Two Wheeler Product and Market Analysis is the most detailed report which covers all segment, Brand, Market Dynamics, Trend, Product age, Product life cycle, Aftersales, Buying behavior, Production forecast, Export analysis, Sales, Marketing Strategy, Sales Strategy, Dealer Network, Role of the Internet to buy the vehicle, Model wise critical analysis and its mapping with customers, etc. The Indian and foreign 2W organizations concentrate more on exports, particularly from India, the Asia Pacific (Vietnam, Thailand, Indonesia, the Middle East Latin America, and so forth), and African nations where the 2W business sector is exhibiting colossal potential. Piaggio has as of late dispatched its Vespa model and plans to fare its units from India. Then again, Mahindra needs to resuscitate its brand position, product value, and in particular, its Brand Image in the present business sector. Entry, Executive, and Premium Segment segment share is changing every year. Two Wheeler market is too dynamic. Customers are shifting from one parameter to another one frequently and choose a product that gives some value. Report Highlights Indian Automobile Industry Overview Two Wheeler Industry Analysis Segment Analysis Pricing Strategy Customer behavior #scooter #automotiveindustry #innovation #management #technology #Markets #Startups #Marketing #strategy #sales #automotive #consulting Product portfolio analysis Brand Strategy Market Drivers – Segment-wise Historical & Future Trend Analysis Competitive Landscape Macro Economics Analysis & Industry Company Business Reviews

Dive into the intricate workings of India's vibrant truck sector with us! From sourcing raw materials to the intricacies of marketing strategies, this carousel will enlighten you on the comprehensive journey of truck manufacturing in India. Discover the impact of technological innovations, market dynamics, and consumer preferences as we delve deeper into the driving forces propelling the nation's transportation forward. Stay tuned for more insights as we continue to explore this captivating realm! #globallancers #truckmanufacturing #indiatrucks #industryinsights #automobile #automobileindustry #trucksector #indiantruckmarket #indiatransport #manufacturingindustry #marketing #sustainability #supplychian

India's prowess in the two-wheeler industry is undeniable! 🏆 With the title of the world's largest manufacturer, our nation's two-wheeler sector is a key pillar of economic growth. 💪📈 Contributing 7% to the manufacturing GDP and 2% to GST revenues, the two-wheeler industry's impact is felt far and wide. 🌐📊 Boasting a staggering 190 million two-wheelers, they've become an inseparable part of our lives. 🛵💨 At the heart of the automotive realm, two-wheelers account for over 80% of total production, a testament to their unwavering popularity. 🚲🏭 With a remarkable 25 million units of installed production capacity, India's two-wheeler producers are truly a force to reckon with. 💥 The motorcycle and scooter segments reign supreme, revolutionizing mobility solutions across the country. 🏍️🛵 Adopt innovation and sustainability, the future of the Indian two-wheeler market looks brighter than ever! 🌟🌱 #TwoWheelerIndustry #IndianManufacturing #MobilitySolutions 🇮🇳🚀

Made in India has a new meaning. As an Indian, this makes me proud to see Indian manufacturing going places. This is the next phase of globalisation where competetive Indian manufacturers become global MNCs. #Auto #India #LatAm https://lnkd.in/dYFnc4tE

India is on the rise to become the third largest country in the world for the LV market. This is specifically due to huge investments from the established automakers, consumer willingness to opt for mid segment models and steady GDP growth of 6.4% which is expected to continue over a decade. #lmcautomotive #globaldata #india #automotiveindustry #growth