𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐎𝐟 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝟐𝟎𝟐𝟒 𝐇𝐲𝐮𝐧𝐝𝐚𝐢 𝐈𝐏𝐎?
Is it a good time to Invest in Auto Sector?
𝐌𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐬𝐞𝐜𝐭𝐨𝐫 𝐜𝐚𝐧 𝐛𝐞 𝐚 𝐠𝐚𝐢𝐧 𝐡𝐮𝐠𝐞 𝐦𝐨𝐦𝐞𝐧𝐭𝐮𝐦 𝐮𝐩𝐬𝐢𝐝𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝟐𝟓 𝐘𝐞𝐚𝐫𝐬.
𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐜𝐚𝐩:
In the past three years, India has witnessed a significant surge in car ownership, a trend closely tied to the country's increasing disposable income. The McKinsey Global Institute highlights a transformative shift in India's economic landscape, with a substantial reduction in poverty and a burgeoning middle class with greater purchasing power. This newfound financial freedom has translated into a growing demand for cars, once considered a luxury beyond the reach of many.
The automotive industry has responded to this demand with more accessible pricing, diverse financing options, and a range of vehicles that cater to the varied needs and aspirations of Indian consumers. The Economic Times reports a notable rise in connected cars, equipped with advanced features like anti-collision systems and geofencing, indicating a preference for high-tech vehicles among the new wave of buyers.
Looking ahead, the next 25 years promise a dynamic evolution in India's car market. Projections suggest a compound annual growth rate (CAGR) of 5.45% from 2024 to 2030, with the market size expected to reach 54.76 billion USD by 2030. This growth is anticipated to be driven by continued economic development, urbanization, and an expanding consumer class.
In conclusion, the rise in disposable income in India has already catalyzed a significant increase in car buying, and the future holds even more promise. With technological advancements, environmental consciousness, and supportive policies, India's car market is on the fast track to a greener, more connected, and prosperous future. For companies and investors, understanding the unique desires and preferences of Indian consumers will be key to tapping into this vast and vibrant market.
𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐨𝐝𝐞𝐥𝐥𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭 : Business Overview, Industry Overview, Customer Trends, Sector Valuation ,Forecast, Investment Thesis, Financial Metrics, Key Assumption, Risk Matrix, Financial Analysis, Valuation (DCF + Relative) & ESG Report.
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2moMahindra Group I hope this message finds you well. I am reaching out regarding the service book for my Mahindra XUV300, which I purchased from SS Mahindra Trivandrum in March 2024. At the time of purchase, I was informed that the service book would be delivered to my home address within 10 days. However, it has now been over five months, and I have yet to receive the service book despite several follow-ups and assurances from your CRM team. I kindly request that you look into this matter urgently and provide me with an update on the delivery status of the service book. Please let me know when I can expect to receive it or if there are any further actions required from my side. I have attached copies of my purchase receipt and previous correspondence for your reference. Thank you for your prompt attention to this matter.