Mumbai, India (PressExposure) October 22, 2009 -- Indian Two Wheeler Industry ( [http://www.bharatbook.com/Market-Research-Reports/Research-report-on-Indian-Two-Wheeler-Industry.html] )This report attempts to forecast the domestic two wheeler sales on the basis of ownership cost and the target population that includes young populace that can afford but do not own a two wheeler. Other qualitative factors like macro-economic outlook, consumer confidence, willingness of vehicle financers to finance TWs.
Rising income levels, reducing excise duties, higher loan tenure and loan-to-value offered by the financing companies have all fuelled the growth of two-wheeler sales in the country. Besides, mounting traffic chaos and limited parking space has also increased the demand for two-wheelers from households that can afford or actually do own a car. Furthermore, with increasing women working population, changing social philosophy and broad-mindedness, the penetration of two-wheelers that is currently at abysmally low level is expected to increase significantly going forward.
Abundant and low cost labour coupled with local availability of raw materials like steel, aluminium and natural rubber has placed India amongst the low cost producing centres of two-wheelers. Consequently, CARE Research anticipates buoyant growth in two-wheeler exports as well.
Given the currently subdued macro-economic scenario and weak consumer confidence levels as well as cautious stance of the two-wheeler financers, CARE Research expects domestic sales growth to remain muted in the medium term. However, lower penetration and rising income levels makes the longer term outlook healthy. Abundance of low cost labour and raw material gives India an upper hand in the export market. The report on ?Indian Two-wheeler industry? forecasts domestic sales as well as exports of two-wheelers for the next five years till FY14.
The report is divided into four sections. Section I gives the overview of the Indian two-wheeler industry. Section II provides a detailed outlook on the industry. Section III provides an overview of the top 3 players in the industry, while Section IV contains various data tables as an Annexure to the report.
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