Make in India and Cars

[marvey]

I recently visited the Make in Inda website and noticed some interesting stats regarding automobiles in India


• Seventh-largest producer in the world with an average annual production of 17.5 Million vehicles.
• 4th largest automotive market by volume, by 2015.
• 4 large auto manufacturing hubs across the country.
• 7% of the country’s GDP by volume.
• 6 Million-plus vehicles to be sold annually, by 2020.
• By 2015, India is expected to be the fourth largest automotive market by volume in the world.
• Over the next 20 years, India will be a part of the big global automotive triumvirate.
• Tractor sales in the country are expected to grow at CAGR of 8-9% in the next five years, upping India’s market potential for international brands.
• Two-wheeler production has grown from 8.5 Million units annually to 15.9 Million units in the last seven years. Significant opportunities exist in rural markets.
• India’s car market has the potential to grow to 6+ Millions units annually by 2020.
• The emergence of large automotive clusters in the country: Delhi-Gurgaon-Faridabad in the north, Mumbai-Pune-Nashik- Aurangabad in the west, Chennai-Bengaluru-Hosur in the south and Jamshedpur-Kolkata in the east.
• Global car majors have been ramping up investments in India to cater to growing domestic demand. These manufacturers plan to leverage India’s competitive advantage to set up export-oriented production hubs.
• An R&D hub: strong support from the government in the setting up of NATRiP centres. Private players such as Hyundai, Suzuki, GM are keen to set up an R&D base in India.
• Tata Nano is a sterling example of Indian frugal engineering and is being positioned as a mobilizer of the young generation.
• Electric cars are likely to be a sizeable market segment in the coming decade.

The industry has some serious growth potential and I am happy to learn about these stats. What are some of your thoughts? How will this kind of investment benefit you as a car owner or an automobile indistry professional?
The govt. has also allowed for 100% FDI in this sector, which should boost investment. Looking forward to what the future holds. Please share your thoughts, ideas or critiques.