DEMAND FOR BUDGET 2011

DEMAND FOR BUDGET 2011

DEMAND FOR BUDGET 2011

TEXTILE INDUSTRY

AUTOMOBILE INDUSTRY

India - Second Fastest Growing Auto Market

The automobile industry in India happens to be the ninth largest in the world. Following Japan, South Korea and Thailand, in 2009, India emerged as the fourth largest exporter of automobiles. Several Indian automobile manufacturers have spread their operations globally as well, asking for more investments in the Indian automobile sector by the MNCs.

Domestic Market Share for 2008-09
Passenger Vehicles	15.96%
Commercial Vehicles	3.95%
Three Wheelers	3.6%
Two Wheelers	76.49%

Automobile Companies

·                       Audi

·                       Bajaj Auto

·                       BMW

·                       Chevrolet

·                       DaimlerChrysler (Mercedes)

·                       Fiat

·                       Ford

·                       General Motors

·                       Hindustan Motors

·                       New Car Launches

·                       Hero Honda Motors

·                       Hyundai Motors

·                       Mahindra & Mahindra

·                       Maruti Udyog

·                       San Motors

·                       Skoda

·                       Tata Motors

·                       Yamaha Motors

          

Largest tractor and three-wheel vehicle producer.

 India ranks 2nd in the global two-wheeler market.

  India is the 4th biggest commercial vehicle market in the world.

 India ranks 11th in the international passenger car market.

India ranks 5th pertaining to the number of bus and truck sold in the world.

indian automobile industry records a 26 percent growth in the domestic sales, during 2009'10. India has become one of the international players in the automobile market.

In the year 2006-07, the Indian Automobile Industry produced 2.06 million four wheelers and 9 million two and three wheelers.

The four wheelers include passenger cars, multi-utility vehicles, sports utility vehicles, light, medium  and heavy commercial vehicles, etc.

  It is expected that the Automobile Industry in India would be the 7th largest automobile market within the year 2016.

Upcoming car launches in 2011

Chevrolet Beat LPG

Estimated to be priced at Rupees 4-5 lakh, Chevrolet Beat LPG shall hit the roads in January 2011.

Toyota Etios Liva – April 2011 launch * – price Rs. 4.5 lakh

Honda Brio – October 2011 launch * – price Rs. 4.5 lakh

Nissan Sunny – October 2011 launch * – price Rs. 7.5 lakh

SUV/MPV launches in 2011

Tata Venture – February 2011 launch * – price Rs. 4.5 lakh

Mahindra World SUV – March 2011 launch * – price Rs. 14 lakh

Force Motors Explorer – June 2011 launch * – price Rs. 13 lakh

Maruti Suzuki Kizashi – January 2011 launch * – price Rs. 16 lakh

Renault Fluence –April 2011 launch * – price Rs. 13 lakh

Hyundai Avante – July 2011 launch * – price Rs. 14 lakh

Interpretation

Future prospect of Indian Automotive Sectors looking bright.

Passenger car production in India isprojected to cross three million units in2014-15.

Export of passenger cars is anticipated to rise more than the domestic sales during 2008-09 to2015-16.

Motorcycle sales will perform positively infuture, exceeding 10 Million units by 2012-13.

Gold up Rs 110 on marriage season demand

Gold rose further for the second day by adding Rs 110 to Rs 20,680 per 10 grams in the national capital on Wednesday on increased buying by stockists and jewellers, driven by the ongoing marriage season, amid firm global trends.


On the other hand, after moving in a tight range in the absence of worthwhile activity, silver ended steady on its previous level of Rs 46,500 per kg.
Also, sentiments for the yellow metal turned bullish, after it climbed to a four-week high in global markets on speculation that rising inflation will spur demand for the metal as an alternative asset.
Gold in global markets gained 0.3 per cent to USD 1,377.25 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity remained in demand and advanced by another Rs 110 each to Rs 20,680 and Rs 20,570 per 10 grams, respectively. The metal had gained Rs 80 on Tuesday.

HOPE AND WORRIES