India records robust growth in vehicle sales

India recorded robust growth in vehicle sales during the previous decade which has made the country into one of the dynamic markets in Asia, according to the latest report from IHS. In 2014, India was the sixth largest market globally in terms of light-vehicle (LV) sales (comprising passenger cars and light trucks) after China, United States, Japan, Brazil and Germany. Prospects for the LV industry look better for 2015 and beyond, aided by an expected revival in economic growth and consumer sentiments,
January 12, 2016 Read time: 1 min
India recorded robust growth in vehicle sales during the previous decade which has made the country into one of the dynamic markets in Asia, according to the latest report from IHS.

In 2014, India was the sixth largest market globally in terms of light-vehicle (LV) sales (comprising passenger cars and light trucks) after China, United States, Japan, Brazil and Germany.  Prospects for the LV industry look better for 2015 and beyond, aided by an expected revival in economic growth and consumer sentiments, strong demand from rural markets, softening of interest rate and new product launches.

This fifth edition of the Indian Supplier Report offers an account of the current volatile business environment in the country. The report, based on comprehensive first hand interaction with industry officials, gives an insight into how suppliers are dealing with the current market and economic challenges.

Related Content

  • August 21, 2014
    Robust growth for Sensys
    Orders from the Swedish Transport Administration (STA -Trafikverket) have contributed to Sensys Traffic’s net sales in the second quarter of 2014, which rose by 127 per cent. This robust growth was primarily fuelled by speed measurement system deliveries to the Swedish automatic safety control (ATC) stations. The orders, for monitoring systems, roadside cabinets and spare parts for speed enforcement enabled the company to deliver an operating profit of US$970,000. The company’s gross margin for the quart
    Read More
  • December 6, 2017
    Mexico City seeks solutions to improve air quality
    David Crawford ponders prospects for one of the world’s most congested and polluted cities. In 1992, the United Nations named Mexico City as the world’s most polluted urban centre. In the first half of 2016, following the updating of pollution alert limits to meet international standards, Mexico recorded 115 days where ozone concentrations exceeded the acute exposure health limit.
    Read More
  • July 19, 2012
    Economic stimulus packages - shift in emphasis on exit strategies
    Jack Short of the International Transport Forum discusses the role of stimulus finding and the path in and out of recession. The US Government has grabbed many headlines with the American Recovery and Reinvestment Act (ARRA), its response to the need to do something to prevent stagnation in the face of the recent economic downturn.
    Read More
  • April 6, 2016
    European Truck Platooning Challenge gets under way
    Something huge in the field of connected vehicle technology and automated driving, which is grabbing headlines around the world, will arrive here at Intertraffic Amsterdam later today. Dirk-Jan de Bruijn, programme director of the European Truck Platooning Challenge 2016, sets the scene and looks to the future.
    Read More

Highlighted Content