Cooperate with India

ClusterAutomotive IndustryAutomotive industry is one of India‘s largest industries. It forms approximately 7% of India‘s GDP.The industry has shown a growth and stability over the past 20 years.According to the recent data released by the Society of Indian Automobile Manufacturers (SIAM),the cumulative production for April-June 2012 registered a growth of 7.65 per cent over April-June 2011, manufacturing 1,700,675 vehicles in June 2012. While Passenger vehicle segmentgrew at 9.71 per cent during April-June 2012, overall commercial vehicle segment registered anexpansion of 6.06 per cent year-on-year (y-o-y). Two Wheelers sales registered a growth of 10.51per cent during April-June 2012.ӰӰMarket TrendsUtility vehicles are a major success in Indian markets these days. Automakers are proactivelybringing new models to attract consumers who are highly enthusiastic about multi-utility vehicles(MUVs). However, with large number of players and variants, the market for MUVs is gettingcompetitive day-by-day.Mahindra & Mahindra (M&M) is the market leader with 49.31 per cent of the share, followed byToyota Kirloskar Motor India Pvt with 20.08 per cent, Maruti Suzuki India Ltd (MSIL) with 16.7 percent and Tata Motors with 7.87 per cent at the end of May 2012.ӰӰMajor Developments & Investmentsӫ ӫ Ford India has expanded its diesel engine production capacity at its plant inMaraimalainagar, near Chennai. The plant now has an annual capacity to produce3.4 lakh engines - up from 2.5 lakh in 2010 - along with a production capacity tomake 200, 000 cars.ӫӫThe Volkswagen Group aims to increase output by 10-15 per cent on a €100-millioninvestment at its production facilities in Aurangabad and Chakan in Maharashtra.ӫ ӫ Japanese auto firm Isuzu Motors Limited, is considering entering fast growingIndian small commercial vehicle and MUV segments.ӫ ӫ Just after four years of its debut in the two-wheeler segment, M&M Group has seta target of Rs 20,000 crore (US$ 3.62 billion) in revenue by 2020.ӫ ӫ India’s largest auto maker MSIL has agreed to merge group unit Suzuki PowertrainӫӫIndia Ltd with itself with a view to bring all diesel engine manufacturing facilitiesunder a single management.48