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Global Automotive Forum

 

Booming auto market gone down, Was it a pleasant dream which has passed?

Created by : Mridula Maity, Product Development Manager, Rugel  | 03 24 2011 07:05:57 +0000
Industry : AutomobileFunctional Area : Growth(Strategy & Execution)
Keywords : market cars automobile japan petrol price hike auto market
Activity:  586 views;  last activity : 06 11 2011 18:21:57 +0000

India's top-gear car demand seems to be slowing down under the pincer attack of high petrol prices and creeping interest rates. According to financiers and dealers across the country, since Diwali, demand growth has gone flat and car makers have been pushing vehicles on dealers in an attempt to reach their annual targets. There was time when the demand and supply was the other way round.. and suddenly things have changed..Do you think it was a one pleasant dream of high sales which has passed with time or the market will rise again?

  
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It was a short-lived rise Vs Market will see a rise again
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The reasons for decline in market is obvious and the prices will nevr go down. Ther is not much of the possibility of seeing the sun rise again in the sector.
By Mridula Maity, Product Development Manager, Rugel  03 24 2011 07:05:57 +0000
 
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it will rise again
By Wajid.Pathan , Enterprenuer (Designer /Developer/Supplier), Self Employed  03 24 2011 08:44:18 +0000
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Auto market in India is at pause(no growth no degrowth) and will remain max up to mid Aug. Then it will start its growth thereafter.
By shrikant , Sales Promotion Manager, Abbott Laboratories  | 06 11 2011 18:16:42 +0000
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it is market it will go down and up, we can't say market is constand. ( market rise and down like sun )
By mangya , Construction-Heavy, Permasteelisa ( india ) Pvt.ltd  | 05 10 2011 09:25:00 +0000
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Market will see rise again for sure. Its periodic and depends upon raw material availability too.
By Jasmin Pawar, HR Manager, HR GLOBE CONSULTING  | 04 27 2011 19:12:46 +0000
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IN ONE WORD IT IS MARKET GLUT . NOTHING TO WORRY
By sudhakar , BUSINESS CONSULTANT  | 04 27 2011 16:52:15 +0000
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To use a car is really a costly matter and day by day fuel prices are increasing and it is confident that the fuel prices will never come down. Considering this, it is sure that the prices of vehicles will never rise in future as the balance of expenditure and potential will never match if any one possesses an automobile with him.
By Balaji Jeejaba Deshmukh, Stenographer (Higher Grade), MAHARASHTRA INDUSTRIAL DEVELOPMENT CORPORATION  | 04 27 2011 15:04:04 +0000
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Mridula, your statement shows that you have a better idea of the auto market

of India.

I support your views & thanks for referral.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 04 26 2011 10:40:04 +0000
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Ms.Mridula it will again bounce back and the temporary reason may be due to the entry of several variants from manufacturers which might have given confusion in option on which one to buy. Let us wait for the revival. Thanks for the referral.
By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 04 03 2011 13:14:00 +0000
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auto market always depends on the users mentality infact every market does.. It is not about the short living or re-rise. Well it is the people who now prefer more use of public transport because they understand the importance of environment... and with the rising fuel prices it is good that we decline use of personal vehicles...
By Piyush Jain, Localization and Vendor Development, Ericsson India Pvt. Ltd  | 03 29 2011 09:40:15 +0000
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Auto sales are closely related to fuel prices and interest rates on auto loans. With tensions in oil producing nations and rise in interest rates, its not surprising that auto market is affected.
By Abhijit Anand Prabhudan, Admin/Facilities Manager, Ca*****  | 03 24 2011 13:07:14 +0000
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yha market decline but price never go down because of indian market structure is very old system here customer not show all market but he show only display or in market he couldn't take costing it self it is very bad for future market and society
By bharat , Legal Consultant/Solicitor, bharatkumar lawyer  | 03 24 2011 07:49:26 +0000
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Ys for me it is a dream.
By Ravikumar Behara, Business Development Manager Cougartech Inc  | 03 24 2011 07:27:50 +0000
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I don't think that High Petrol prices caused for lower sales. whereas boom can't run on regular basis in short term. We have seen the same situation in equity market. But it will stand again in long term span. The same situation can be seen in Auto market. But it is not permanent, it 'll rise again in medium to long term...
By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 06 11 2011 18:21:57 +0000
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well if you see the recent market trends, Indians now have started to shift to sedans and luxury hatchs. Wait for a while, with a little market stability auto industry will rise again
By Sarabjeet Singh Johar, BMS student, Mumbai University  | 06 11 2011 17:42:57 +0000
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of course it will rise again if petrol rates will be controlled. Such issues are because of this corrupted Indian political system. they just want to fill their pockets, they don't have the time to analyze the problems..they have only solution when their pocket is going to be cold "increase the tax on the things..like petrol". This was an political view, but if we see in technical perspective...if we give some more stress on R&D works related to safety, performance and mileage...that is still being ignored by most of the companies as these days it is less profit department but if a company has to survive for a long time in this throat cutting market, it's very important to think on it....
By Om Prakash Yadav, Project Associate, National Wind Tunnel Facility Centre, IIT Kanpur  | 06 11 2011 16:59:19 +0000
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In every sector have boom and deperation so the Present stage must be change. In future demand will raise.
By subitha s, MBA/PGDM student, c ms college kottayam  | 05 11 2011 09:06:20 +0000
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it is market it will go down and up, we can't say market is constand. ( market rise and down like sun )
By rangaraj , Engineering Manager, best engineers pumps pvt ltd  | 05 11 2011 04:30:27 +0000
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HUH ? i would request you guys to check out sale figures of cars. It is only Maruti which has slowed down. Audi, benz, hyundai, Porsche all have grown. Infact Audi grew by 97% on sales this april.
By Sarabjeet Singh Johar, BMS student, Mumbai University  | 05 11 2011 04:27:35 +0000
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As you check the scanireo in sales of Mkt it April it has grown by 16% as compare to March-2011; it shows it will take rise gradually
By Renukadas baburao Jadhav, Manager Vendor development, Thermax Ltd  | 05 10 2011 05:13:11 +0000
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There is no denying that car demand is not bound to come down because of the ever growing population. Like all things this is also cyclical and ones interest come down, sales will pick up. Meanwhile it is interesting to note that the luxury car market is picking up though i dont have the sales figures for the same.
By Jaygopal Raghavan, Marketing Manager, Landmark Group  | 05 08 2011 16:18:39 +0000
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Increasing raw material will put a pressure on the price of automobiles which might affect the sales. However this drop will be short lived as people will adjusting for the "New Normal". Hence growth story will still continue in the future.
By deepan , Sr.Research Analyst, Beroe  | 03 28 2011 08:55:48 +0000
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it is a temporary phenomena and will pass over in due course. 
By Rathin Deb, Freelance Retail Consultant  | 03 28 2011 06:08:23 +0000
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there is a constant need to reach one's office on time & with people still preferring one's own transport over shared transport like buses & trains, definitely the auto market will rise again. It won't happen overnight but the stage is set & the momentum will definitely pick up.
By K.R. Manish, Mechanical Engineer [Mainetenance], NTPC  | 03 26 2011 06:14:14 +0000
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Its all about the segment and customers now..the customer will decide untill and unless the company starts truely thinking about the customer- i mean truely(all aspects) not financially or economically alone
By Rajatesh Nath Barbhuiya, M.Des, Indian Institute Of Technology (IIT), Guwahati  | 03 25 2011 13:32:44 +0000
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There are a number of reasons for the lull in sales such as - the budget anticipation, the increase in lending rates for car loans, anticipation of new car models and volatile nature of the stock exchanges to name a few. But there will definitely be an upswing again by mid-year especially for the budget and small car segments where the middle class will again exert their influence.
By Capt. V.S. Kartik, CEO/MD  | 03 24 2011 11:49:43 +0000
Argue for "It was a short-lived rise"
Argue for "Market will see a rise again"
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