DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xdckpd/commercial) has announced the addition of the "Commercial Vehicle Market in India 2012-2016" report to their offering.
The analysts forecast the Commercial Vehicle market in India to grow at a CAGR of 15.02 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing investments by Original Equipment Manufacturers (OEMs). The Commercial Vehicle market in India has also been witnessing a growing demand for small commercial vehicles. However, the increased cost of raw material could pose a challenge to the growth of this market.
The key vendors dominating this market space include Ashok Leyland, Force Motors Ltd., Mahindra and Mahindra Ltd., and Tata Motors Ltd.
The other vendors mentioned in the report are Asia MotorWorks Ltd., Eicher Motors, Piaggio Vehicles Pvt Ltd., Swaraj Mazda Ltd., and Volvo India.
The author recognizes the following companies as the key players in the Commercial Vehicle Market in India: are Tata Motors Ltd., Ashok Leyland Ltd., Mahindra and Mahindra Ltd., Eicher Motors Ltd., and Force Motors Ltd.
Commenting on the report, an analyst from the Automotive team said: Companies could benefit from the strong growth prospects in the Indian Automobile industry. The growing economy coupled with the growth of the middle class over the last few years has fuelled the demand for automobiles in the country. Furthermore, to make India a powerhouse in the global Automobile industry, the government launched the Automotive Mission Plan. This aims to make India a destination of choice in the world for the design and manufacture of automobiles and auto components. Thus, the vendors can benefit from the plan and garner a higher market share. Moreover, the development of road infrastructure to improve the rural area connectivity in India provides additional scope for improved sales.
For more information visit http://www.researchandmarkets.com/research/xdckpd/commercial
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
