Monday, February 21, 2011
Sunday, February 20, 2011
Thursday, February 17, 2011
AUTOMOBILE INDUSTRY
India
The automobile industry in
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
· BMW
· Fiat
· Ford
· Skoda
Largest tractor and three-wheel vehicle producer.
indian automobile industry records a 26 percent growth in the domestic sales, during 2009'10. India
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
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
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
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.
Wednesday, February 16, 2011
Gold up Rs 110 on marriage season demand
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.
Tuesday, February 15, 2011
Wednesday, February 9, 2011
Car sales up by 26%, bikes by 15% in Jan
Domestic passenger car sales jumped by 26.28 per cent to 1,84,332 units in January, 2011, from 1,45,971 units in the same month last year.
According to figures released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales in the country grew by 14.94 per cent during the month to 7,47,818 units from 6,50,633 units in the same month last year.
Total two-wheeler sales in January increased by 17.55 per cent to 9,80,752 units from 8,34,343 units in January, 2010.
Sales of commercial vehicles jumped by 12.58 per cent to 60,753 units from 53,963 units in the year-ago period, SIAM said.
Total sales of vehicles across categories registered a growth of 18.69 per cent to 13,22,979 units in January as against 11,14,692 units in the same month last year, it added.
Monday, February 7, 2011
ANNUAL BUDGET
The budget and the markets: The pain is already in the price
The reaction of the markets to the budget depends entirely on whether it measures up to expectations. To be sure, there are a whole lot of items whose excise or customs duties will be tinkered with, and that will affect individual stocks. But, for the market as a whole, the big concerns are overall changes in taxation and the fiscal deficit.
At first glance, there seems to be little correlation between the fiscal deficit and the stock market. Equities have sometimes done well when the deficit has been high and sometimes when it has been low. Markets are moved by lots of things, and the fiscal deficit is only one of them.
The reaction of the markets to the budget depends entirely on whether it measures up to expectations. To be sure, there are a whole lot of items whose excise or customs duties will be tinkered with, and that will affect individual stocks. But, for the market as a whole, the big concerns are overall changes in taxation and the fiscal deficit.
At first glance, there seems to be little correlation between the fiscal deficit and the stock market. Equities have sometimes done well when the deficit has been high and sometimes when it has been low. Markets are moved by lots of things, and the fiscal deficit is only one of them.
Saturday, February 5, 2011
Govt sends notices to 17 related to black money trail.
"The government on Saturday said it has served notices to 17 persons alleged to have kept untaxed money in foreign banks and prosecution has begun against them, but refused to reveal their names."
The comments, made by Union Finance Minister Pranab Mukherjee in Kolkata, came a day after some media reports revealed names of 15 entities, including individuals and trusts, said to have kept illicit money in LGT Bank of Liechtenstein, an European country neighbouring Switzerland.
The comments, made by Union Finance Minister Pranab Mukherjee in Kolkata, came a day after some media reports revealed names of 15 entities, including individuals and trusts, said to have kept illicit money in LGT Bank of Liechtenstein, an European country neighbouring Switzerland.
INDIAN ECONOMY
The Economy of India is the eleventh largest in the world by nominal GDPand the fourth largest by purchasing power parity (PPP).The country's per capita GDP (PPP) is $3,290 (IMF, 127th) in 2010.
Rank - 11th (nominal) / 4th (PPP) |
GDP - $1.43 trillion (nominal: 11th; 2010) |
$4.00 trillion (PPP: 4th; 2010) |
GDP growth - 8.9% |
GDP per capita - $1,176 (nominal: 137th; 2010) |
Inflation - (CPI) 8.43% |
Population- below poverty line 37% |
Unemployment- 9.4% |
Exports - $210 billion |
Imports - $327 billion |
FDI stock - $191.1 billion |
Credit rating- 1.164 trillion |
Growth Prospects
The performance of the Indian economy in 2009/10 greatly exceeded
expectations. The farm sector which was expected to contract showed resilience,
growing by 0.2 per cent despite the weak South West monsoon. The non farm
sector also did well. It is the assessment of the Council that the Indian economy
would grow at 8.5 per cent in 2010/11 and 9.0 per cent in 2011/12. In the current
fiscal year, agriculture will grow at 4.5 per cent, industry at 9.7 per cent and
services at 8.9 per cent.
Industrial growth
Industrial sector recovery became evident in June 2009 and by August 2009
the General Index of Industrial Production (IIP) registered double digit growth
rate driven by similar growth rates in output in the manufacturing and mining
sector. The service sector has also shown strong recovery with GDP originating in
the important sub-sector of “trade, hotels, restaurant, transport & communication”
surging in the second half of 2009/10. The impact of the civil service pay hike
and the arrears lifted growth of the “community personal services” sub-sector in
the first half, but eased up in the second. Export related service activity (software
and Business Process Outsourcing) was sluggish throughout 2009/10 but was
more than offset by the recovery in domestic-oriented service activity. Overall,
non-farm sector GDP grew by 8.8 per cent in 2009/10.
IMPORT
In 2010/11, we expect the value of crude oil imports to be high due to
increase in crude prices by almost 15 per cent and an increase in the quantities
imported. The oil import bill is expected to rise to $103 billion in 2010/11 and to
$120 billion in 2011/12. Amongst the non oil imports we expect a comparatively
slower growth in the case of gold, silver imports and a stronger growth in the
remaining segments. The overall merchandise imports on balance-of-payments
basis are expected to rise to nearly $354 billion (up 18 per cent) in 2010/11 and
$414 billion (up 17 per cent) in 2011/12.
EXPORT
On the export side, the Council is projecting that in 2010/11 export growth
of petroleum products would be slightly higher than that of imports at 24 and
16 per cent in 2010/11 and 2011/12 respectively. The value of exports of gems
& jewellery would show growth of 25 per cent. Export of non-oil, non-jewellery
products would rise by 20 per cent in 2010/11, and moderate slightly in 2011/12.
Our projections for exports on balance-of-payments basis for 2010/11 amounts
to $216 billion and for 2011/12 to $254 billion.
AGRICULTURE SECTOR
58% of country's population depends on agriculture.
27% of India
13-18% of India
§Contributes 21% of Total Exports, and Supplies Raw materials to Industries.
Growth Rate in production - 5.7%
Good monsoon always means a good harvest.
Important Contribution to Employment
Agriculture sector, at present, provides livelihood to 65 to 70% of the total population. The sector provides employment to 58.4% of country’s work force and is the single largest private sector occupation.
Important Source of Industrial Development
Various important industries in India
Importance in International Trade
India’s position in world Agriculture
RANK
§Total Area Seventh
Irrigated Area First
§Population Second
§Economically Active population Second
§Total Cereals Third
Wheat Second
Rice Second
Coarse grains Fourth
§Total Pulses First
§Oil Seeds Second
§Fruits and Vegetables Second
§Implements (Tractors) Third
§Milk First
§Live Stock (castles, Buffaloes) First
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