India

Country Overview

India is the 7th largest global country with 3.3 million square kilometers and the 2nd as population with 1.2 billion people. In spite in recent years the country lived a strong economic development it is too early to consider the country "developed". Indeed inside India there are thousand different realities. The level of urbanization is still low (30%), while the India Metropolis are among the largest and more dynamics in the world.

National GDP in the period 1998-2008 grew by 7% in average and in spite negative impact of 2008 global financial crisis, India continued to growth. In 2011 the Total GDP was $ 1.843 trillion, 7.8% up on previous year. However the pro capite income remains very low, at $3.700 (at purchasing power parity). However persistent high inflation rate (6.8% in 2011, 12.0 in 2010), high bureaucracy and petrol price increase have increased the level of Government's fuel subsidy expenditures increasing National Deficit (5% in 2011).

Widespread poverty, inadequate infrastructure, limited employment opportunities are the key issue to face in the country want to really become a Global Leading player.

Car industry overview

India automotive industry is the 2nd globally as two wheels, with around 80% of vehicles on the roads that are two wheelers. This will not change in the next decade, considering the infrastructure development is very slow as the pro capita income growth.

As car manufacturer India is growing with an exceptional speed. In 2003 national production for the first time exceeded the 1 million yearly production. In 2006 it exceeded the 2 million, and in 2010 the 3 million. In 2011 with 3.9 million vehicles, India was the 6th largest global car manufacturer. In last four years, India production increased by 68%, second only to China.

Domestic light passenger market at 2.571.000 units was the world's 8th in the 2011.