Auto Industry in India has to Look Forward: KPMG

Although, there is increase in the sales of the Indian Automotive Industry, it has to look forward with regard to sales, according to KPMG. According to the research unit KPMG, the auto industry has to strive for producing the greener vehicles along with the private transport alternatives.

Industrial centrifugal fansKPMG reports that it has foreseen no major consolidation apart from the growth for the next five years. Only the phenomena like low car penetration and the increased incomes are the factors which are contributing for the growth in the Auto Industry. In addition to the above factors, affordability, fuel economy and rural demand are forecasting the increment in the growth.
Some consolidation have forecasted depending on the need to access technology, manufacturing facilities, services and distribution networks.

Stable growth was outlooked in the medium-term. But in the big way, evolution of greener and the hybrid has to be improved. Lot of challenges and opportunities are to be met by making the move towards the greener vehicles.

ID FansUntil the momentum of green revolution increased, growth cannot be observed in commercializing the greener vehicles. Even the challenges like inadequate fueling and lack of the regulatory body are also to be met. Subsidies should be offered for both the consumers and manufacturers by the policy makers for increasing the green technology and even the manufacturers should have the conversation with the oil companies for offering pollutant free fuels.

Exploration of the alternatives to the personal mobility is also factor which is influencing the industry. Necessities like integrated transport systems, bus rapid transit systems should also be satisfied.