India car market drivers

Source:www.moneycontrol.com

India ranks 4th on Jan-June 2017 unit sales
* China 11.2 million (contraction 2.6%)
* US 5.4 million (contraction 9.8%)
* Japan 2.3 million (9% yoy growth)
* India 1.64 million (11% yoy growth) - [total sales in fy 2016 3million)
* Germany 1.6 million

Drivers: Penetration, quality of road network, rising income, broader range of vehicle models.

Penetration stats. India 32 vehicles per 1000 person vs 800 per 1000 in US.

Projections by Suzuki:
* India to be 3rd largest car market by 2020;
* Projected 2020 sales of 6 million units

Existing small car players:
Maruti Suzuki
Hyundai
Tata Motors

New players
Peugeot
Kia
SAIC
Daihatsu