The latest companies introduced into the Indian Automobile market in Delhi:-
- BMW
- Lamborghini
- Rolls Royce
- Nissan Motor Co. Ltd
The growth in the premium class of automobiles in Delhi : -
- The Delhi sector is highly developed and has high average income so the consumers go for the cars in the premium segment.
- The economic condition of the average populace is very strong so they go for the moderately expensive and expensive cars.
The various car dealers in the Indian automobile market in Delhi are:-
- AB Carz Pvt. Ltd.
- Jainsons Automobile Pvt Ltd.
- Lakozy Motors Limited
- Harpreet Ford
- Prime Honda
- Orion Hyundai
- Aalianz Automobiles
- T&T Motors Ltd.
- Silverstone Motors Pvt. Ltd.
- Autolink Enterprises Pvt. Ltd.
- Galaxy Toyota
Mumbai
The Indian Automobile Market at Mumbai is one of the oldest markets of the country. The first automobile in India ran on Mumbai's streets.
Mumbai had a huge automobile market then as it has now, because majority of the rich who could afford to buy a car were settled in Mumbai. However, today the Indian Automobile Industry has grown a lot but still, most of the big automobile industries have their corporate offices in Mumbai. For instance, Tata Motors (the largest vehicle manufacturer in India) is head-quartered in Mumbai.
India, being one of the strongest emerging economies of the world, is doing exceptionally well in the automobile sector as well. Mumbai happens to be one of the best places where cars manufactured by almost companies across the world can be found. With the increase in demand of luxury cars like Gallardo (Rs. 2 crore) and Murcielago (Rs. 3 crore) from Lamborghini, luxurious transport has acquired whole new meanings! The Lamborghini is all set to appoint a dealer in Mumbai. The manufacturers of BMW, Rolls-Royce, Aston Martin, Porsche, Lamborghini, Maserati, Ferrari, Mercedes-Benz, Jaguar, and Maybach have already sold more cars than they expected in Mumbai, where sales have been maximum.
As can be seen, the Indian Automobile Market in Mumbai has grown enormously, contributing to the growth of the Indian automobile market and looks all set for further development and exciting times ahead.
Bombay
The Indian Automobile Market in Bangalore is moving at slow pace compared to the automobile markets of other prominent Indian cities. The reason for this might be the prevailing delinquency rate among those who took automobile loans in Bangalore, as a result of which, auto-finance companies are decreasing loans.
Prevailing car loan rates in the Bangalore automobile market:-
Car loan rates in Bangalore have moved as high as 50 points in recent times. HDFC and Kotak Mahindra have already announced their agreement with the current loan rates. The decision of ICICI Bank in this respect is not clear as it has implemented the new rates in the other markets except the Bangalore automobile market.
The used-car section is helping in the betterment of the Bangalore Automobile Market. The Bangalore used-car market has recently developed a wide network of used cars. Hyundai and Ford have launched special schemes for the exchange of used cars and General Motors is soon to follow suit. The auto- finance companies as well as car owners are participating in this exchange program. The prevailing delinquency is the direct consequence of the sad condition of the IT sector which has led to the initiation of the car exchange program. Those who bought the cars by the hire-purchase method had to surrender their cars to the financing companies due to payment default and the cars acquired by lease finance are sent to the lessors for failing in car loan payments. The used -cars are now controlling the market and simultaneously restricting the fall in the Bangalore automobile market through its huge sale which often shoots up to 30 cars a month.
The competitive car loan rates, the used car section, and the increasing importance of the Bangalore as the desired manufacturing hub of the car manufacturers are factors that are cumulatively working towards the growth of the Indian Automobile Market in Bangalore.
Chennai
Chennai is rapidly growing as a prominent automobile market in India. The development and upgradation of NH 45 and Chennai's excellent infrastructure for automobile industry and the existence of a good number of manufacturing plants are aiding the development of the Indian Automobile Market in Chennai.
Automobile Manufacturing Units in Chennai: -
Ford has a manufacturing plant located in Chennai which contributes around 60,000 vehicles annually to the automobile industry as a whole. Porsche India is looking ahead to control the luxury car market in India and thinking about hiring new dealers in Chennai. BMW India also has a plant in Chennai where it puts together different parts of its car series. Naza is considering establishing a plant in Chennai to produce cars for the automobile market in Chennai as well as in the other automobile markets in India. It is going to spend a lump sum amount of US$ 150 million at the onset. Chennai also has manufacturing units of companies like Hyundai and Ford. Hyundai Motors' Chennai plant was started with US$ 900 billion and is now capable of producing 250,000 units yearly with its upgraded standards. The plant is facilitated with the scope for research and development. At Oragadam, Chennai a manufacturing plant is going to be established by Mahindra & Mahindra, Renault, and Nissan with an investment of Rs. 4,000 crore. Volkswagen has decided to establish a manufacturing plant at Chennai. It has chosen 2 locations for the manufacturing plant and is yet to choose the appropriate one between Sriperumbudur and Oragadam. Ford Motors has also decided to export auto components worth nearly US$ 160 million from India to other countries.
Latest automobile launches in Chennai:-
Hyundai Motors has launched its recent car, Getz from its Chennai plant. The new Honda Accord has also been recently launched from Chennai. Hyundai also plans to launch its latest car, Honda CR-V from Chennai. General Motors had also launched Opel Corsa and Astra 2000 from its Chennai plant. BMW is also going to launch its X5 model very soon.
Chandigarh
The Indian Automobile market in Chandigarh has witnessed a tremendous growth in the last few years. All types of automobiles, be it passenger cars or pick up trucks, have registered an increase in sales in the Chandigarh territory.
The sector of automobiles that have grown the most in Chandigarh is the luxury car segment. The various reasons for growth in the Indian automobile market in Chandigarh are as under: -
- The boom in the real estate in Chandigarh was a result of residents acquiring wealth by selling land. This quick money is more often than not used for purchasing high-end cars.
- Most people who live in Chandigarh have NRI relatives who send money from abroad. This money, often sent in dollars, is used to buy cars, due to the Rupee-Dollar disparity.
- The economy is very strong in Chandigarh and this factor has given its residents the power to spend money on expensive automobiles.
The various car dealers in the Indian automobile market in Chandigarh are: -
- Berkeley Automobiles Limited
- Modern Automobiles
- Charisma Hyundai
- Krishna Auto Sales
- Prestige Honda Ltd
Ahmedabad
The Indian Automobile market in Ahmedabad has registered tremendous growth in the last few years. All kinds of automobiles - pick-up trucks, two-wheelers, and luxury cars - have witnessed an increase in sales in the city of Ahmedabad. This has boosted the Indian automobile industry to a large extent.
The various reasons for the growth of the Indian automobile market in Ahmedabad are enumerated as under: -
- Many finance schemes have been launched by the automobile manufactures and the financial institutions, resulting in the increase of sales of automobiles in Ahmedabad.
- Many residents of Ahmedabad have relatives who send them money from abroad. This money is usually spent for buying automobiles. This has naturally increased car and bike sales in Ahmedabad and strengthened its automobile market.
- There are many service centers and spare parts shops in Ahmedabad which have made it easy for the people to get their automobiles repaired easily, at affordable costs. This is also a vital factor that has contributed to Ahmedabad's automobile market.
The various automobile dealers in the Indian automobile market in Ahmedabad are: -
- Sharma Cars Private Limited.
- Gallops Motors private Limited
- Kiran Motors Limited
- Same Greaves Tractor Limited
- The Universal Automobiles
- Infenium Motors Private Limited
The Indian automobile market in Ahmedabad has grown tremendously in the last few years, due to the aspirational lifestyle of the modern day Indian and the easy and affordable loan schemes that are floated by several banks and financial institutions.
