Tata Prima T1 truck at Buddh International Circuit In order to keep up with the growing demand, several auto makers have started investing heavily in various segments of the industry during the last few months. Some of the major investments and developments in the automobile sector in India are as follows:
Royal enfield launched machismo A and lightning Kinetic engineering ltd launched Brat and kinetic challenger. Hero Honda launched Joy, Passionand a remodeled Street. LML came up with Adreno and Energy. Bajaj launched the Pulsar range.
TVS launched Victor cc. Yamaha upgraded the Crux version with Crux R. Kinetic engineering launched the GF and GF Bajaj Auto laid the foundation of the Indian two wheelers industry in by trading in imported Vespa scooters.
Change in the Trend: Scooters dominated the Indian market till After the Liberalisationprivatization and globalizationmany companies entered into joint ventures and technical collaborations with foreign companies lke HondaSuzukiYamaha etc.
Due to introduction of cc motorcycles an intersegment shift began to start which resulted in the decline in the sales of the motorcycles.
Due to delayed launch of new and advanced scooter modelsfour stroke scooters prone to skidding risk and vibrations etc the demand for motorcycled went up.
This demand was mainly driven by rural and semi-urban comsumers. Inthe motorcycle market was characterized by the presence of sub segments based on price: Inmotorcycle industry witnessed recession because of rising fuel priceshigh input cost and reduced purchasing power due to significant rise in general price level and liquidity crisis in comsumer financing.
In companies suffered big time. Entry of new players in the motorcycle market led to losses or fall in profits. Inlaunch of cc motorcycles led to a inter-segment shift began to take place and motorcycles sales began to grow as a result of flag in the recession.
Inthere was a big shift from demand of scooters to the demand of Motorcycles.
Restrictive policy of the govt. This indirectly helped the motorcycle industry to develop. This led to the entry of foreign players in the automobile industry 3.Year after year deaths keep happening from motorcycle crashes. Motorcyclists need to wear helmets to prevent injury or death, save their state and countries government money, and because there is no proof that helmets are hazardous or harmful to the body in anyway.
The automotive industry in India is one of the largest in the world with an annual production of million vehicles in FY (fiscal year) –16, following a growth of per cent over the last year. The automobile industry accounts for per cent of the country's gross domestic product (GDP).
Automotive industry, all those companies and activities involved in the manufacture of motor vehicles, including most components, such as engines and bodies, but excluding tires, batteries, and fuel.
The industry’s principal products are passenger automobiles and light trucks, including pickups, vans, and sport utility vehicles. Essay about Motorcycle Inustry Flooding the Indian Owning a Motorcycle Have you ever wondered if there was a cheaper, more exciting alternative to driving a car? Well, ever since the late ’s motorcycles have been available to the public, providing another way of transportation (Strathy 7).
However, there are some things to take. Hero Honda launched CBZ cc motorcycle. Bajaj launched Kawasaki, Boxer AT & CT.
Royal enfield launched machismo A and lightning Kinetic engineering ltd launched Brat and kinetic challenger. There was a entry of new companies like TVS, Yamaha, (Lohia Motors). Thai motorcycle industry entered in Thailand since There are four main players in this industry including Honda, Yamaha, Kawasaki, and Suzuki.