BRCM University of Business Administration
SUBJECT: - Business Environment
Project on Environmental analysis on automobile industry (commercial vehicles)
Academics year: 2010.
Submitted upon: 30/09/2010
|Sr no |topic | |1 |Industry overview (introduction) | |2 |Internal and exterior environment | |3 |Economic environment | |4 |Political & Legal environment | |5 |Natural environment | |6 |Demographic environment | |7 |Technological environment | |8 |Socio Cultural environment | |9 |International environment | |10 |challenges | |11 |future projection | |12 |Conclusion |...
Business Vehicles form an essential part of the Indian vehicle industry. They may be manufactured in several models and styles, and are intended for transporting professional outputs and also other commodities to their allocated locations.
Commercial Cars Industry in India offers witnessed rapid growth post independence and at present is recognized as as one of the prospering sector of Indian economic climate. As per statistics, the expansion in commercial vehicles sales in 2009 was at 92. 6% besides witnessing a decline in product prices by twenty percent in the first quarter of FY twelve assisting the CV market growth.
The steady development in Industrial Vehicles Industry has bring about cutthroat rivalry among the various Commercial Cars Manufacturers in India. To survive in the competitive market every single CV maker is picking out something new however affordable to satisfy the Indian market need. A customer can now select among the various commercial vehicle deluging the markets in reasonable prices
The American indian Commercial Automobile (CV) Industry is the savior of the economic climate. Approximately 66% of the goods and 87% of the voyager traffic in the country moves by way of road. Past trends have shown that CV demand is definitely closely correlated with GDP progress rate (more strongly with all the Index of business Production, IIP) of the country and therefore, it truly is believed which a growth or slowdown in CV demand is harbinger of an upturn or down turn in our economy respectively.
The industry offers moved towards more usage specific automobiles. The growing road system is giving a push into a modern Link & Spoke model of syndication of goods, which often is changing the kind of cars being deployed for items transportation.
The Industry is now witnessing a segmentation sought after, with automobiles > of sixteen. 2 considerations (M& HCVs & Multiple Axle vehicles) being used for transport on the freeways there is a growing demand for extravagance buses through the private players unlike previously when the require used to always be largely driven by the Express Transport Companies. and