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Two-wheeler Market Heading for Magnificent Growth in India
Jan 18, 2012
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According to a new research report entitled “Two-wheeler Market in India”, from RNCOS, the two-wheeler sales in India is exhibiting a strong volume of growth over the last few years. Backed by a number of factors including stable growth in GDP, moderate two-wheeler penetration levels, favorable demographic profile, and under developed public transport system, the country is expected to continue growing at a CAGR of 11% during the forecast period (FY 2011-2015) and reach an amount of 17.8 Million Units by FY 2015.
According to our research highlights, the manufacturers are showing increased thrust on new product development and repositioning themselves towards tapping new customer segments in this market. These dynamics ensures that business does not remain as usual for the large incumbents as market share may change to some extent. Nevertheless, the existence of strong product capability, wide distribution network, and established supply chain will continue to be the necessary conditions to sustain competitive advantage and achieve economies-of-scale in the automobile segment.
In this report, “Two-wheeler Market in India”, the market for two-wheeler has been comprehensively analyzed taking into consideration the emerging trends, like reviving of scooter segment and shooting demand for executive and premium segment bikes in two-wheeler market, which are expected to prevail in near future as well. As such, the report is anticipated to facilitate the intended clients with a requisite understanding of the present and future outlook of the two-wheeler market and development in the country. Further, in the report, various government regulations and initiatives that will boost the two-wheeler market in India are evaluated to offer cutting-edge market intelligence to clients and enhance their decisions-making investment.
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