The automotive industry operates in close proximity with manufacture, wholesaling, retailing, and maintenance of motor vehicles. The road to automotive growth is pressed by a global overcapacity resulting extremely tough market competition and a mounting demand for cost-effectiveness.
The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country’s Gross Domestic Product (GDP). The Two Wheelers segment with 81 per cent market share is the leader of the Indian Automobile market owing to a growing middle class and a young population. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector. The overall Passenger Vehicle (PV) segment has 13 per cent market share.
India is also a prominent auto exporter and has strong export growth expectations for the near future. In April-January 2016, exports of Commercial Vehicles registered a growth of 18.36 per cent over April-January 2015. In addition, several initiatives by the Government of India and the major automobile players in the Indian market are expected to make India a leader in the Two Wheeler (2W) and Four Wheeler (4W) market in the world by 2020.
How We Can Lift Your Competitive Edge:
At Oasis Inventor, with our specifically automotive industry driven software we help you to understand customer demands for product innovation, quality, and price to meet customer expectations without compromising your own bottom line and assuring a positive buying and ownership experience.
Some of the potential benefits are:
- Heightened visibility across product and customer life-cycle
- Improved enterprise planning and control
- Faster decision making
- Greater profit margins for sales and service
- Reduced time frame for development and manufacturing
- Synchronized manufacturing and demand
- More effective alliance across the enterprise and value chain
