Two wheeler industry growth, Mechanical Engineering

Assignment Help:

TWO WHEELER INDUSTRY GROWTH:  In world represents one of the largest two wheeler markets in the world with an estimated size of 5.4 million units a year. Two wheelers are used extensively in our country, both at rural and semi-urban level. Over the last five years the two wheeler market in India has grown at a CAGR of 10 percent and is projected to maintain this robust growth rate in the future as well. Motorcycle comprises approximately 78 percent of the two-wheeler market, with the remaining 22 percent being shared between scooters and mopeds.

India can be said to be the capital of Asia in respect of the two wheelers with an average of 27 two wheelers per thousand people compared to China's 8 two wheelers per thousand people (Source : World Bank). In terms of two wheeler production, India is the second (next to China) largest manufacturing industry in the world. Our two-wheeler segment has grown over 3 times the during past 10 years. During year 2002-2003 domestic sales was 5.1 million, in year 2003-2004 it was around 5.2-5.4 million.

The Indian two-wheeler market is oligopolistic (a small group of people having control of affairs) in nature with the top three companies accounting for over 80% of the total industry sales. Hero Honda Motors Limited, a joint venture between Honda Motors, Japan and the Indian-based Hero Group, is the largest manufacturer of two wheelers in the world with around 38% market share of the current domestic two wheeler market. Bajaj Auto is the second largest player in the two-wheeler market with 22.3 percent share. TVS motor company is the third largest manufacturer of two-wheeler with 20.9 percent of market share in India.

 


Related Discussions:- Two wheeler industry growth

Working principle of ignition system , Working Principle of Ignition System...

Working Principle of Ignition System: An alternating current (AC) is generated when a magnet moves between two stationary coils. In a magneto, a coil of wires moves between two m

Discover the angle of twist, Discover the angle of twist: Discover the...

Discover the angle of twist: Discover the diameter of the shaft needed to transmit 60 kW at 150 r.p.m., if the maximum torque is possible to exceed the mean torque by 25% for

Boiler, equivalent evaporation of boiler..?

equivalent evaporation of boiler..?

Thermodynamics, show that energy is property of system

show that energy is property of system

Road under special conditions, Road under Special Conditions: Roads pa...

Road under Special Conditions: Roads passing through difficult terrain and environmental conditions require special attention in design, construction and maintenance. The foll

Principle stresses, Determine the bending  (o-, ) and shear stress ( Tx), )...

Determine the bending  (o-, ) and shear stress ( Tx), ) at the surface element shown on the solid circular shaft below. Use Mohr's circle to determine the principle stresses, a l

The bronzes-copper alloys, The Bronzes The coinage bronze employed for...

The Bronzes The coinage bronze employed for making coins in earlier days contains 95% copper, 4% Sn and 1 % Zn. The Zn acts as a deoxidizer. Such alloy is soft and ductile.

Calculate size of the spring wire, A helical compression spring prepared of...

A helical compression spring prepared of oil tempered carbon steel is subjected to a load which lies between 400N to 1000N. The spring index is 6 and the design factor of safety is

What is a pneumatic system?, Pneumatic system is a system that uses air to ...

Pneumatic system is a system that uses air to power something. For example, have you seen the tube systems at bank drive-up tellers? Air is used to drive the tubes back and forth f

Scope of work for a project in mechanical engineering, Q. Scope of work for...

Q. Scope of work for a project in Mechanical Engineering? The Mechanical Engineering scope of work for a project involves the design and specification of mechanical equipment a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd