Delhi, India (PressExposure) June 26, 2009 -- The Indian automobile industry will continue to maintain its growth trajectory despite current financial crisis, with fast-growing small car segment is forecasted to account for the largest share in this growth, says our new research report "Indian Automobile Sector - A Booming Market ". Increasing disposable income of middle class population will be the key driver for the projected growth in the small car market.
Currently, India is one of the largest producers of small cars in the world. As India offers tremendous growth opportunities to passenger car manufacturers, it is expected that the country will emerge as a global manufacturing hub in the near future.
We have found that small car segment accounts for about three-fourth of the Indian car market. At present, Maruti Suzuki is dominating the domestic small car segment with 60% share, but due to the launch of Tata Nano, the trend may change in the future.
Anticipating the prospective growth in small car market and increasing number of middle class population, several global auto companies (Renault Nissan, Toyota and Hyundai) have announced plans for the launch of small cars at economical prices in India. This trend is also expected to spur growth in the flourishing small car market in the country.
"Indian Automobile Sector - A Booming Market" comprises an extensive research and objective analysis of the current as well as future trends in export, sales and production of various segments of automobile market in India. We have segmented the automobile industry in passenger cars, utility vehicles, multi-purpose vehicles, commercial vehicles, two wheelers and three wheelers to give insight in the structure of Indian automobile industry.
We have also studied various reasons responsible for current trends in the automobile market. The report also provides future outlook that helps global automobile players to understand the market dynamics. It thoroughly discusses the role of key players in various segments of automobile sector and helps clients to analyze the factors critical for their success in India.
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