Business News | Ford Motors Shutdown | Automobile Sector Analysis | Maruti Suzuki EV by 2025

Business News | Ford Motors Shutdown | Automobile Sector Analysis | Maruti EV Reach India by 2025

Daily business updates for commerce students by Chandan Poddar covering the top business news

PPT Link: https://t.me/Chandanpoddaranalysis/229

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Timestamps in this video:
00:00 Introduction.
00:05 Ford Motors announced that it is shutting down its operations in India.
01:05 4th US auto firm in five years to exit India.
02:24 US has never been able to survive in competitions.
04:11 Indian Automobile industry deep analysis.
05:17 Regional transport offices base data.
08:09 other player in the market.

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1. Ford will wind down the manufacturing of vehicle for exports in Sanand, Gujarat by the fourth quarter of 2021 and vehicle and engine manufacturing in Chennai by the second quarter of 2022, a statement read. This is the second major exit of local manufacturing operations in India by a global automotive brand.

2. The Indian automobile market can be divided into four main segments - two-wheelers (motorcycles, geared and ungeared scooters), three-wheelers, passenger vehicles (cars and utility vehicles), and commercial vehicles (light, medium and heavy).

Two-wheelers and passenger vehicles dominate the domestic Indian automobile market and account for 81% and 13% of total unit sales, respectively. Passenger car sales are dominated by small and mid-sized cars.

India is the fourth largest automobile market in the world. It is also the largest manufacturer of two-wheelers and the seventh largest manufacturer of commercial vehicles in the world

Rising income and greater availability of credit and financing options have been the key growth drivers for the sector. Moreover, the demand for commercial vehicles driven by a high level of activity in the infrastructure sector has aided growth. India's established auto ancillary industry also provides the required support to boost growth in the sector.

India has significant cost advantages - auto firms in India save around 10-25% on operations vis-a-vis Europe and Latin America. As a result, the Indian automobile industry has received Foreign Direct Investment (FDI) worth US$ 24.2 billion between April 2000 and March 2020.

The 8.7 trillion (US$ 118 billion) Indian automobile industry is expected to reach 16- 18 trillion (US$ 251- 282 billion) by 2026 with strong policy support from the government. Initiatives like Make in India and Automotive Mission Plan 2026 by the government are expected to give a huge boost in revenue to the sector.

The Indian automobile industry is slowly shifting its focus to electric cars with the purpose of reducing emissions. The Union Cabinet has approved the proposal for the implementation of the second phase of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) in India which is expected to support up to 1 million two-wheelers.

Disclaimer: All opinions are based on a personal analysis of Chandan Poddar. Do your own analysis before involving money. All risks and rewards are solely related to viewers.

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