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Old 25th November 2016, 22:20   #1
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Default 2016 Report: "Make in India" Automotive sector achievements

The Central Government has released it's 2016 "Make In India" Automotive Sector Achievements Report earlier today.

Highlights:

- The Indian automotive industry is estimated to be of USD 93 billion, at the end of FY 2015-16.

- The automotive industry contributes 7.1% to India's overall GDP and nearly 49% to the country's manufacturing GDP (for the fiscal 2015-16).

- The automotive industry sees an average production of around 24 million vehicles annually and employs over 29 million people (direct and indirect employment),

- India is the largest tractor manufacturer, 2nd largest two-wheeler manufacturer, 2nd largest bus manufacturer, 5th largest heavy truck manufacturer, 6th largest car manufacturer, and the 8th largest commercial vehicle manufacturer in the world.

- The Indian auto industry creates direct and indirect employment opportunities for 13 persons per truck, 6 persons per car, 4 persons per three-wheeler and 1 person per two-wheeler.

- The Automobile Mission Plan 2016-2026 initiative aims to create India as one of the world's top 3 automobile industries, with a gross revenue of over USD 300 billion by 2026.

- The automobile industry saw an FDI inflow of USD 5.5 billion between April 2014 to March 2016.

- Overall production increased by 2.6% in FY 2015-16. The automotive industry produced a total of 23,960,940 vehicles (including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycles) in FY 2015-16, against 23,358,047 vehicles produced in FY 2014-15.

- Sales of passenger vehicles increased by 7.24% in FY 2015-16 over the same period in FY 2014-15 - passenger cars grew by 7.87%, utility vehicles grew by 6.25% and vans saw a 3.58% rise.

- The commercial vehicles segment registered a growth of 11.51% in FY 2015-16 over the same period in FY 2014-15, boosted by a solid 29.91% growth for the Medium & Heavy Commercial Vehicles.

- Three-wheelers sales grew by 1.03% in FY 2015-16 over the same period from the previous fiscal year.

- Two Wheelers sales grew by 3.01% in FY 2015-16 over the same period in FY 2014-15, with scooters seeing a notable growth of 11.79%.

- The biggest growth was seen in the total production of electric and hybrid vehicles - from 17,107 (FY 2014-15) to 71,909 (FY 2015-16). Sales also jumped from 16,513 units (FY 2014-15) to 65,224 units (FY 2015-16).

- Automobile exports for the FY 2015-16 grew by 1.91%, with a total worth of USD 8.8 billion. Passenger vehicles saw exports growth of 5.24%, commercial vehicles witnessed 16.97% increase in exports, while two-wheelers registered a growth 0.97% over the same period from the previous year.
Although, two-wheelers accounted for the largest share of exports at 69.4% in FY 2015-16, while the passenger vehicles' share was 16.7% of overall exports. Three-wheeler vehicles came 3rd with 11.1% share in exports.

- The auto component industry registered an 8.8% increase in turnover from USD 38.5 billion in FY 2014-15 to USD 39 billion in FY 2015-16. It also contributed 4% to India's exports in 2015-16, with an earning of USD 10.81 billion.


Last edited by RavenAvi : 25th November 2016 at 22:46. Reason: edited the first sentence.
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Old 25th November 2016, 22:27   #2
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Default re: 2016 Report: "Make in India" Automotive sector achievements

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Originally Posted by RavenAvi View Post
The Central Government has released it's 2016 "Make In India" Report earlier today.

Highlights:

- India is the largest tractor manufacturer, 2nd largest two-wheeler manufacturer, 2nd largest bus manufacturer, 5th largest heavy truck manufacturer, 6th largest car manufacturer, and the 8th largest commercial vehicle manufacturer in the world.
.........
Made me real proud to read this. Just awesome. Its not very far we will be No.1 hopefully in all the sectors.

How come Hyundai doesn't feature in the list of companies with FDI in the period between 2014 to 2016? Did they not invest in some new assembly lines in Chennai during the launch of Creta?
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Old 28th November 2016, 13:10   #3
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Default Re: 2016 Report: "Make in India" Automotive sector achievements

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Originally Posted by RavenAvi View Post
nearly 49% to the country's manufacturing GDP

The automotive industry sees an average production of around 24 million vehicles annually and employs over 29 million people (direct and indirect employment)
Feels so good to know that cars - that we're all so passionate about - also contribute substantially to this great country.

It's also important to note that new cars are one of the few big ticket items that you have to buy only with white money (not 100% the case with property). Maruti won't sell cars to its dealers in exchange for unaccounted cash .

Quote:
India is the largest tractor manufacturer, 2nd largest two-wheeler manufacturer, 2nd largest bus manufacturer, 5th largest heavy truck manufacturer, 6th largest car manufacturer, and the 8th largest commercial vehicle manufacturer in the world.


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Originally Posted by racer_ash View Post
How come Hyundai doesn't feature in the list of companies with FDI in the period between 2014 to 2016?
Investment was probably from local earnings?
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Old 28th November 2016, 15:24   #4
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Default Re: 2016 Report: "Make in India" Automotive sector achievements

While its a good thing to see the kind of investments that are coming in India as part of FDI or 'Make in India', some facts needs to be clarified or talked about.

The $1 Billion investment by Ford is the Sanand Facility, how is that accounted as part of the Apr'14 to Mar'16 period. The plant was commissioned to production since mid 2015 since its groundbreaking that happened late 2011.

The planned $1 Billion investment by GM is on hold and has scrapped plans for future models in India.

That's some limited information that I know, how about the rest? This article sounds more like a political flyer than anything
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Old 29th November 2016, 01:33   #5
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Default Re: 2016 Report: "Make in India" Automotive sector achievements

"The Indian automotive industry is estimated to be of USD 93 billion, at the end of FY 2015-16."

Can someone provide more clarity ? Is this yearly sales figure combining all the exports and local sales which includes all sector ( two wheeler , car , bus etc )
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Old 29th November 2016, 03:42   #6
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Default Re: 2016 Report: "Make in India" Automotive sector achievements

I guess we are also forgetting the fact that except a handful of companies, most of the industry is running in loss and quite frankly our heavy trucks are a joke. They would not be suitable even in other developing economies, let alone developed economies.
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Old 29th November 2016, 07:07   #7
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Default Re: 2016 Report: "Make in India" Automotive sector achievements

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Originally Posted by anachronix View Post
While its a good thing to see the kind of investments that are coming in India as part of FDI or 'Make in India', some facts needs to be clarified or talked about.

The $1 Billion investment by Ford is the Sanand Facility, how is that accounted as part of the Apr'14 to Mar'16 period. The plant was commissioned to production since mid 2015 since its groundbreaking that happened late 2011.

The planned $1 Billion investment by GM is on hold and has scrapped plans for future models in India.

That's some limited information that I know, how about the rest? This article sounds more like a political flyer than anything
Absolutely. There's no comparison with the previous financial years and the actual investment then. Most of these claims were probably in place by the respective companies based on their projected turnover.

India has always been the second largest tractor manufacturer before this period too, if I recall correctly.
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Old 29th November 2016, 08:19   #8
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Default Re: 2016 Report: "Make in India" Automotive sector achievements

Hope no one in GM headquarters at Detroit sees the report

Because GM India's Boss will have a lot of explaining to do on the published $1B investment in India between 2014 and 2016.

Why not someone prepare a report on how badly the Automotive industry is treated by successive governments? And nothing changed for the good from 2014 to 2016. Infact it only became worse with the arbitrary and ill informed ban and tax/cess culture.

Even now, car makers are only left to second guess on the future of diesel cars and GST rates. No clarity.
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