TechNavio today launched its report Low-cost Car Market in India 2011“2015 based on an in-depth study focusing exclusively on India. The report aims to aid decision makers™ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Automotive team said; The Low-cost Car market in India is expected to witness an increasing focus on safety and environment norms in the near future. This inclination toward addressing safety and environment issues has had a great impact on technological developments in the Automotive industry in India. For instance, higher standards of safety, emissions, and advanced technology are required to sell low-cost cars in developed regions such as those in North America and Europe. Similarly, the Low-cost Car market in India will witness OEMs focusing on improved safety norms in the near future.
According to the report, the increasing demand for low-cost cars from rural areas and tier-2 cities is one of the major factors driving the growth of the Low-cost Car market in India. Markets in semi-urban and rural areas are emerging as a potentially lucrative market for auto sales. Furthermore, the growth of tier-2 cities and rural areas is expected to lead to a surge in the demand for low-cost cars.
Further, the report also discusses that the continual increase in the price of fuel is one of the major threats to the Low-cost Car market in India.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/low-cost-car-market-india-2011-2015
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TechNavio Announces the Publication of its Report “ Low-cost Car Market in India 2011“2015
