Automotive Industry at a Glance

The World Automobile Industry is enjoying the period of relatively strong growth and profits, yet there are many regions which are under the threat of uncertainty. Carmakers look for better economies, market conditions which are ideal to have a successful stay in the industry. The automotive industry has a few big players who have marked their presence globally and General Motors, Ford, Toyota, Honda, Volkswagen, and DC are among them. It has also been suggested that automotive industry has accelerated more, after the Globalization period, due to easy accessibility & facilities among nations and mergers between giant automakers of the world.Moreover, the advancements in industrialization led to a rise in the growth and production of the Japanese and German markets, in particular. But in 2009, the global car and automobile sales industry experienced a cogent decline which was during the global recession, as this industry is indirectly dependent on to economic shifts in employment and spending making, it vulnerable. While demand for new and used vehicles in mature markets (e.g. Japan, Western Europe and the United States) fell during the economic recession, the industry flourished in the developing economies of Brazil, Russia, India and China. Boost in global trade has enabled the growth in world commercial distribution systems, which has also inflated the global competition amongst the automobile manufacturers. Japanese automakers in particular, have initiated innovative production methods by adapting and modifying the U.S. manufacturing model, as well as utilizing the technology to elevate production and give better competition. The World Automotive industry is dynamic and capacious, accounting for approximately one in ten jobs in developed countries.Developing countries often resort to their local automotive sector for economic growth opportunities, maybe because of the vast linkages that the auto industry of the country, has to other sectors. China is by far the largest market for sales followed by Japan, India, Indonesia, and Australia. Sales figures of 2005 to 2013 indicate that sales for vehicles in China doubled during this period, while Indonesia and India also benefited. However, there was slump in sales during this time in Australia, New Zealand, and Japan. Interestingly, this year competition in the truck segment has become more intense, with the three big U.S. automakers striving for supremacy in both performance and fuel economy. The Japanese aren’t giving up, either, with both Toyota and Nissan launching new pickups in 2015.India is the seventh largest producer of automobiles globally with almost an average production of 17.5 million vehicles with the auto industry’s contribution amounting to 7% of the total GDP. It has been estimated that, by 2020 the country will witness the sale of more than 6 million vehicles annually. India is expected to be the fourth largest automotive market by volume in the world where, two-wheeler production has grown from 8.5 Million units annually to 15.9 Million units in the last seven years and tractor sales are expected to grow at CAGR of 8-9%, in next five years, making India a potential market for the International Brands. As 100% Foreign Direct Investment is allowed in this Sector, India is expected to have a speedy expansion, to, soon to become the largest automobile Industry. While India is second largest manufacturer of two- wheelers and largest of motorcycles, it is also estimated to become the 3rd largest automobile market in the world by 2016 and will account for more than 5% of global vehicle sales. As large number of products are available to consumers across various segments, providing a large variety of vehicles of all the types, manufacturers aim towards customer satisfaction and loyalty.Following the FDI policy, entry of a number of foreign players with reduced overall product lifecycle and quicker product launches have become a regular occurrence in the automotive industry of the country. Indian auto market is seen as the potential market which can dominate the Global auto industry in coming years. Moreover, giant dealers and manufacturers are inclining towards the country because of ease of financial norms as well as an environment so conducive to support in their projects.With Narendra Modi’s Make in India Campaign, the automotive industry is expected to witness quite a few changes, where 800 Cr have been allocated in the Budget to promote the Energy and Hybrid Vehicles manufacturing. This move is expected to cut down the prices making these electric and hybrid vehicles cheaper and more eco-friendly. It is also expected that this move will curb down the carbon dioxide emissions to 1.5% till 2020. This program will subsidize the purchase of new hybrid and electric cars, as well as other vehicle types. It specifies incentives of up to 29,000 rupees for scooters and motorcycles, and up to 138,000 rupees for cars. Three-wheeled vehicles, light commercial vehicles, and buses will also be eligible for incentives of varying amounts as well.The used cars sector in India has emerged as one of the major industries due to its easy accessibility and lower rate of interests. But growth in used car sales are lower than new car sales as people still prefer to purchase new cars as opposed to buying used ones. A big reason of this could be the fact that there is a reduced supply of used cars, and high prices of these used cars are pushing the consumers to opt for the low priced new cars. But despite of lower growth compared to new cars segment, used car industry has been showing a fast and steady growth. According to the industry analysts, the sales of used cars are expected to boost up in the next few years.Till last decade, consumers were involved in unorganised sector of Used Vehicles industry, there were no organised players to assist the consumers in buying of used vehicles, and about 60% of used vehicle sales were customer to customer where there is a trust factor. The remaining sales were managed by the local dealers. But then in 2001, Maruti came with the first company of selling used cars in 2001- Maruti True Value. Despite the automobile industry witnessed slow sales numbers in the last few quarters, the used or pre-owned car segment is growing fast, and is likely to accelerate in future. In fact in the last fiscal year, more used cars were transacted, 10% more than the new ones, according to the assessment by Maruti Suzuki India Ltd. and Honda Siel Car India Ltd. With the organised players stepping in, the used cars market has benefited from fair deals, warranties, better retail network, credibility, transparency, easy availability of finances. These have all made buying a used car easy. Organised used car showrooms provide the platform to the prospective consumers to choose cars from various brands and segments. Car makers have realized the potential of used car market and are making conscious decisions to operate in the pre-owned car sector also. Besides exhibiting multiple brands, the branded used car retailers, also offer one-stop shop for all inquiries and grievances. All the major Car dealers have now established their pre-owned car segment retail showrooms, Maruti True Value, Ford Assured, Hyundai Advantage and Toyota U Trust are some of the major used car dealers.Constant decline in fuel prices and better financial policies in the past year are the factors that are being expected to be the reasons for the number of new buyers to be increased in the market, which declined in 2013-14. But during this period, one segment that benefited from this decline was the used vehicle market, with increased awareness, financial reforms and organized firms. Most of these used cars buyers are younger people who prefer buying Pre-owned cars which come at lower prices and they get a good bargain for the same. Indian used vehicle market which is still, almost quarter of new vehicle market is growing at a rapid pace. The Pre-owned car sector is expected to grow by 15-18% in coming years.Also with the rising in number of organized players have boosted the amount of confidence people are putting in buying a pre-owned car. These players not only offer a good line up of used cars but also offer finance & extensive vehicle check facility for 100% customer satisfaction.The Automotive Industry is an important part of every economy as it is interrelated to growth of sectors of the economy. India as one of the progressing economy is resolving towards making its automobile industry more and more successful ultimately, linking it to overall development. With the Make in India Campaign and promotion of eco- friendly vehicles, India is expected to soon to become largest automobile industry globally. Used vehicle industry is expected huge gains with more and more people resolving to it along with the growth in the new car market. With more resources for the buyers and sellers, the automotive industry is expected to flourish meritoriously in coming future ultimately taking the country forward.

How to Shop for the Best Luggage for Business Travel

When it comes to picking the ideal luggage for business travel, there are many options ranging from different prices, colors, materials, and styles. However, there is nothing more disappointing than the experience of getting cheap bags that will only last through a few trips. Buying luggage with your vacation in mind is not the only think to consider before going shopping.So you are a business traveler and as part of your job are required to travel on a regular basis. If this sounds like you then you are in need of some great Samsonite luggage to protect your personal belongings as you travel. Most business travelers are always in a hurry so they don’t really have time to pack several bags and check them at the airport. Instead, business travelers need luggage that will hold all of their necessary belongings yet still are compact enough to be a carry on. Fortunately, there are a variety of Samsonite luggage pieces that are designed with the business traveler in mind.For example, a hanging bag that is perfect for a suit or two that may then be rolled over to form a small carry on is just one of the options that business travelers may take advantage of. This bag may be packed with the business man or woman’s essentials and then carried on the plane so when the plane land the individual simply needs to get off the plane and head to their final destination without wasting any time stopping off and waiting for their checked luggage. The following tips will help business traveler buy the best luggage.Tip #1 Carry OnBusiness travelers must ensure that the luggage they buy may be carried on. So be sure to follow the size guidelines offered by the airlines so you know what you are buying will fit in the overhead compartment. You will be relieved when your flight lands late and you can take off running without having to wait the extra half hour or so for your luggage.Tip #2 CompartmentsHaving plenty of compartments is another important tip for business travelers. When there are multiple compartments that means all items will be packed safely without concern for one’s shaving cream exploding onto one’s business suit.Tip #3 WheelsBusiness travelers do a lot of traveling, boarding planes, and plenty of waling. As a result it is important for business travelers to have luggage with wheels to make it easier to get around the airports, hotels, and the like.

Toughened Glass Manufacturing: A Rapidly Growing Business in the Construction Industry

Glass is a solid yet a rather delicate substance – It can break easily and when broken, is likely to cause serious injury – Here is where the concept of toughened glass comes into the picture. Toughened glass is said to not only be stronger, but when damaged – shatters into countless small bits of blunt glass which is not injurious, therefore causing less or no serious damage.Glass is toughened by heating normal (not toughened) glass in a furnace at an extremely high temperature and then rapidly bringing the temperature down, thus obtaining a much stronger form of glass.The concept of toughened glass usage in the construction industry has gained immense popularity over the last couple of years.Having realised the importance of tough glass and its growing popularity, two young entrepreneurs came up with the idea of acknowledging this concept and therefore formed ‘Express Toughening: The Glass Warehouse’, a glass toughening company, in 2001. As demand for tough glass has grown over the years, the company has been growing within the industry. Over the last decade the company has diversified within itself and now deals in the processing of tough glass. Express Toughening, as it is known today, is a premier glass toughening and processing company based in the South East of England.So, what has worked right for Express Toughening that has facilitated its growth in the last decade? – The company moved from being a toughened glass manufacturer only to a processing tough glass company. Also, they have been constantly introducing new products, toughened splashbacks and 15 mm low iron being their latest additions. This practise of introducing new products and services has helped the company target a wider customer base as it attracts wider businesses and families looking to buy glass for their homes. For instance, the introduction of toughened splashbacks has attracted more kitchen designers/manufacturers. Express Toughening is easily reachable by customers looking for consultancy regarding their glass needs, therefore providing a commendable customer service. The glass is also made ready within a time frame of 24 to 48 hours for toughened glass and 72 hours for processed glass. Express Toughening also offers an express delivery service to its customers.A high quality and express service has helped Express Toughening create value in the market and attain more and more popularity in the industry particularly in the UK, therefore suggesting a smooth and rapid expansion.The success of Express Toughening marks the beginning of a new chapter in the glass industry as demand for toughened glass is rapidly gaining prominence.