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The latest launch of Tata Nano has brought about a new revolution in the nation’s small automotive section. Seeing the good initial response from consumers, many other players in the trade are chalking out their plans to launch automobiles on this segment in the subsequent few years. Our research foresees a CAGR progress of around 14.5% in home volume gross sales of passenger autos in the course of the forecast period. Different segments, equivalent to two-wheelers, multi-objective vehicle and light industrial automobile, are also expected to witness fast development in coming years.
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The similarity to having many OEMs and suppliers producing nearly the same vehicle transmissions is clear. An approach just like the aircraft trade’s could lead to probably extra precious auto partnerships than platform sharing: specifically, … Read More ...Read More →