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Bharatbook added a new report on "Details about Two Wheeler Industry "which gives this report has come long way since its humble beginning in 1948 when Bajaj Auto started importing and selling Vespa Scooters in India. The customer preferences have changed in favour of motorcycles and gearless scooterettes that score higher on technology, fuel economy and aesthetic appeal, at the expense of metal-bodied geared scooters and mopeds. These changes in customer preferences have had an impact on fortunes of the players. The erstwhile leaders have either perished or have significantly lost market share, whereas new leaders have emerged. 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 demand. 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 in target population has increased significantly during last one decade especially in urban areas. However rural areas and smaller towns still remains considerably underpenetrated market. CARE Research foresees rising income levels combined with increase in finance penetration in rural areas and smaller towns, the demand for two-wheelers will grow swiftly in short to medium term period. Sighting this huge growth opportunity two-wheeler manufacturers have started launching models catering to the needs of rural demand. CARE Research has developed a statistical model that 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, etc. have also been quantitatively built in demand forecasting model. After a strong recovery industry posted in FY10, which was continued even in first quarter of FY10, CARE Research foresees the high growth levels witnessed currently would stabilise in next 2-3 year period. Nevertheless the industry would register a healthy growth during FY10-FY15 period. According to CARE Research, rural India would drive the growth, whereas the opportunity in urban India, especially bigger cities, would become limited in days to come. In FY10, almost all the manufacturers reported healthy rise in their top-line, driven by growth in both volumes and realisation. Operating margins also observed improvement owing to drop in raw material prices. However, CARE Research foresees that industry would face challenge of rising input cost and rising competition levels which would strain margins considerably in short to medium term period. To know more about kindly visit: http://www.bharatbook.com/detail.asp?id=100764&rt=Research-report-on-Indian-Two-Wheeler-Industry.html Related reports Foster Wheeler AG Company Profile- Business Overview, Strategies, SWOT and Financial Analysis The 2011-2016 World Outlook for Automotive Wheel Alignment Equipment Excluding Hand Tools -30- Or Contact us at : Bharat Book Bureau Tel: +91 22 27578668/+91 22 27579438 Fax: +91 22 27579131 Email: info@bharatbook.com Website: www.bharatbook.com Follow us on twitter: http://twitter.com/#!/Sandhya3B
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Research report on Indian Two Wheeler Industry
