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Also, as India has low vehicle presence (with passenger car stock of only around 11 per 1,000 population in 2008), it possesses substantial potential for growth.
Key Research Highlights
Passenger car production in India is projected to cross three million units in 2014-15.
Sales of passenger cars during 2008-09 to 2015-16 are expected to grow at a CAGR of around 10%.
Export of passenger cars is anticipated to rise more than the domestic sales during 2008-09 to 2015-16.
Motorcycle sales will perform positively in future, exceeding 10 Million units by 2012-13.
Value of auto component exports is likely to attain a double digit figure in 2012-13...
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