Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-07-05

MSMEs fueling demand for light passenger vehicles, heavy duty trucks: study

Indian automobile sector, the sixth largest passenger vehicle manufacturer and the second largest commercial vehicle manufacturer, globally, witnessed a strong growth during 2009-12. Growing industrialisation and infrastructure coupled with robustly increasing micro, small and medium enterprises (MSMEs) sector is fueling the demand for light passenger vehicles and heavy duty trucks in the country. Government measures like NATRiP, Auto Mission 2006-2016, etc. are also significantly contributing to the growth in the country\\\\\\\'s automotive sector, thereby augmenting the demand for coolants in both OEM and aftermarket segments.

Indian automobile sector, the sixth largest passenger vehicle manufacturer and the second largest commercial vehicle manufacturer, globally, witnessed a strong growth during 2009-12. Growing industrialisation and infrastructure coupled with robustly increasing micro, small and medium enterprises (MSMEs) sector is fueling the demand for light passenger vehicles and heavy duty trucks in the country.  Government measures like NATRiP, Auto Mission 2006-2016, etc. are also significantly contributing to the growth in the country's automotive sector, thereby augmenting the demand for coolants in both OEM and aftermarket segments.

 

According to a recently published comprehensive research report by TechSci Research, "India Automobile Coolant Market Forecast and Opportunities, 2019", the coolant market in India is anticipated to grow at a CAGR of around 6% during 2014-19 as a result of growing automobile fleet coupled with expanding oil sector in the country. Indian PSU oil players such as IOCL, HPCL and BPCL, along with private players like RIL are increasing focusing on expanding their crude oil production capacity. As ethylene glycol is a crude oil byproduct, the growing production and refining capacity of crude oil is increasing availability of ethylene glycol in India, which is consequently boosting the coolant production in the country.

 

 

"Majority of coolant demand in India emanates from the replacement market. With increasing R&D efforts on new coolant formulations, the lifetime of coolants is witnessing a continuing increase, which is affecting the demand for coolants. Consequently, it is anticipated that due to increasing automobile sales in the country, the demand for coolants by OEMs for first factory fills would increase more sharply as compared to the demand for coolants in the aftermarket over the next five years, said Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 

"India Automobile Coolant Market Forecast and Opportunities, 2019" has evaluated the future growth potential of India automobile coolant industry and provides statistics and information on market structure, exports and future growth of the automobile coolant industry. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides all this, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in the automobile coolant industry in India.

Related opportunities
  • Quick Service Restaurants
    About:Bueno SANDWICHCRAFT, a progressive venture of Buéno Foods Private Limited,..
    Locations looking for expansion New Delhi
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 200 - 700 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About:Social drinking is a norm in today’s world and keeps..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2017
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Furniture/Home Decor & Furnishing
    TEN N CRAFT was established in 2000 to cater to..
    Locations looking for expansion Haryana
    Establishment year 2000
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 500 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Panipat Haryana
  • Others Dealers And Distributors
    About Univerf paints & CoatingsUniverf paints & Coatings is an..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 350 - 600 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities