Auto

INDUSTRY OUTLOOK:

• Indian Auto industry is one of the largest in the world in terms of both, the domestic demand and exports.
• Contributes for 7.1% of India’s GDP.
• Automobile exports to grow at a CAGR of 3.05% during 2016-26.
• Two wheelers account for 80% of domestic demand and their production is estimated to grow at 16% CAGR between FY17-20.
• Rising income and a large young population results in growing demand. Strong policy support from government with initiatives like ‘Make in India’ and ‘Automotive Mission Plan 2026’.
• Development in supporting infrastructure and high investment(5.1% of total FDI inflows) to boost growth.

News 

January 2017

- Tata Motors has launched Automated Manual Transmission version of Tiago in Bangladesh priced at Rs 11 Lakh.

- Bharat Forge opens R&D facility in MIRA Technology Park, UK

- Tata Motor's JLR launched Range Rover Evoque priced at Rs 50 Lakh

- MRF started supply of nose wheel tyre of the IAF's fighter aircraft.

- BOSCH Group is considering to set up Co-owned stores in India for its home appliances business by leveraging the liberalisation of retail foreign direct investment policy announced by Govt.

- Maruti Suzuki plans the launch of four new products in the next 12-18 months.

- Eveready Industries entered into Joint Venture with Universal Wellbeing for FMCG business in India.

- Swaraj Engines reported a PAT of Rs 17 Cr and Income of Rs 183 Cr in Q3

- Wabco reported a PAT of Rs 64 Cr and Income of Rs 650 Cr in Q3

December 2017

1. Honda plans to set up a lithium ion battery manufacturing unit in India.    http://www.livemint.com/Industry/PG9JNG3dwRPDuYWdFAxdIJ/Honda-may-set-up-electric-car-battery-plant-in-India-as-part.html

2. Maruti Suzuki has raised its sales target for the second time  in two years to 2.5 million units every year by 2025.     https://www.google.co.in/amp/www.livemint.com/Companies/XumcTD6ayKiFe1Q7UmfztO/Maruti-Suzuki-raises-sales-target-to-25-million-units-by-20.html%3ffacet=amp&utm_source=googleamp&utm_medium=referral&utm_campaign=googleamp

3. Welspun Corp. wins order to supply 124k MT pipes including large oil and gas pipes.   https://www.google.co.in/amp/www.moneycontrol.com/news/business/stocks/welspun-corp-gains-13-on-order-win-for-supply-of-124-k-mts-pipes-2468495.html/amp

4. Lok Sabha passes bill for GST cess hike on luxury cars to 25% from 15% earlier.    

https://www.google.co.in/amp/www.livemint.com/Industry/v49Y1o29Rz3ZC8WVcpQKbP/Lok-Sabha-passes-bill-for-GST-cess-hike-on-luxury-cars-to-25.html%3ffacet=amp&utm_source=googleamp&utm_medium=referral&utm_campaign=googleamp