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Global Team Cinthya Kabir Mayor INDIA
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CONTENTS ➢Overview of India ➢Indian Economy ➢Automotive Industry ➢Consumer Preference ➢How can we be successful in this kind of business?
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1-1 INDIAN ECONOMY
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1-2 INDIAN ECONOMY 3 Sectors AgricultureIndustryServices
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1-1 INDIAN ECONOMY 2017 - Almost ½ of GDP was from the service sector such as telecom, IT, and software
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1-1 INDIAN ECONOMY 2018 - 43.86% of the workforce were employed in Agriculture
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1-3 INDIAN ECONOMY 2019 Nominal GDP - 6th largest worldwide 2019 GDP PPP - 3rd largest worldwide
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1-1 INDIAN ECONOMY Forecast of India’s Growth Rate for 2019 7.4%
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1-6 INDIAN ECONOMY GDP per capita is equivalent to 39% of the world’s average (after PPP adjustment)
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1-4 INDIAN ECONOMY Rapid growth over the past several years Has been one of the fastest growing economies in the world
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1-1 INDIAN ECONOMY 4.40 percent of world economy
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1-5 INDIAN ECONOMY Long term growth trend of 6.6% 2019 - GDP growth rate has dropped below that number for 2 consecutive quarters 2019 - Quasi-recession (decreased consumer spending & less investments) September 2019 - 10 straight months of auto sales decline (worst in 2 decades)
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1-6 INDIAN ECONOMY Weakest growth rate since 2013
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AUTOMOTIVE INDUSTRY Factors for Growth ● Population growth ● Urbanization ● Economic Development ● Digitized India
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Indian Vehicles Sales Volume 2017 in various countries.
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Consumer Preference ● Growing interest in Electric vehicles ● Technological Innovation ● Diesel over gasoline vehicles ● Car body style preferences
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Hyundai Kona MG eZS Upcoming Electric Cars In India Re Maruti Suzuki Wagon Mahindra XUV 300 EVTata Altroz EVNissan Leaf
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Car body style preferences
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1-1 How can we be successful in global market
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1-3 How can we be successful in global market
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Thank You
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References ❖International Journal of Interdisciplinary and Multidisciplinary Studies (IJIMS), 2014, Vol 1, No.6, 21-33. ❖World Bank 2019 ❖www.focus-economics.com ❖www.tragindeconomics.com ❖http://www.blog.sanasecurities.com/outlook-of-stocks-in-the-indian- automobile-industry/http://www.blog.sanasecurities.com/outlook-of-stocks-in-the-indian- automobile-industry/ ❖https://www.researchgate.net/publication/327070602_Consumer_Buying_Beha viour_of_Cars_in_India_-_A_Surveyhttps://www.researchgate.net/publication/327070602_Consumer_Buying_Beha viour_of_Cars_in_India_-_A_Survey ❖https://www.team-bhp.com/forum/indian-car-scene/195012-indian-car-sales- interesting-charts-depicting-brand-budget-fuel-body-style-preferences-3.htmlhttps://www.team-bhp.com/forum/indian-car-scene/195012-indian-car-sales- interesting-charts-depicting-brand-budget-fuel-body-style-preferences-3.html ❖https://economictimes.indiatimes.com/industry/auto/india-pips-germany-ranks- 4th-largest-auto-market-now/articleshow/63438236.cms?from=mdrhttps://economictimes.indiatimes.com/industry/auto/india-pips-germany-ranks- 4th-largest-auto-market-now/articleshow/63438236.cms?from=mdr ❖https://www.best-selling-cars.com/global/2018-full-year-international-global- top-selling-car-models/https://www.best-selling-cars.com/global/2018-full-year-international-global- top-selling-car-models/ ❖ https://www.slideshare.net/shritheja/swot-analysis-of-automobile-industry-in- india https://www.slideshare.net/shritheja/swot-analysis-of-automobile-industry-in- india
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