* Those without vehicles will be buying motorcycles or entry-level cars
* Every motorcycle owner will want to upgrade to car
* Every car owner will want to upgrade to higher segment car
* Every 3-6 year old car and bike will need to be replaced with new one
* Every affluent household will want to keep more than one car. Rather, every individual would want to have his/her own car.
* Old cars market will become huge
* More and more authorised service stations will be needed
* Auto parts companies will thrive
* Auto finance companies will thrive
* Export of cars and bikes and components to other countries (including developed, developing and under-developed ones) will increase.
* Niche car segments will become stronger and larger.
=============
We haven't yet talked about trucks, buses etc.
This much as far as the quantitative changes are concerned.
The qualitative changes that will happen are mind bogling!
Only those companies which can adapt will survive.
Keep an eye on small and midcap companies adding value to the frontline companies.
=============
No comments:
Post a Comment