2019/8/1 – CRI Report

Wealth Management Market in India 2019

admin — Sat, 12 Sep 2020 05:22:46 +0000

The wealth management market, an integral part of the financial services sector in India, was valued at INR 113.32 Tn in 2018 and is expected to reach INR 338.67 Tn by 2024, expanding at a compound annual growth rate (CAGR) of ~20.02% during the 2019-2024 period. For the past few years, India has been witnessing the emergence of family office offerings, along with estate planning services. Indians have gradually become tolerant of capital market investment instruments than traditional investment instrument of gold and real estate. The Indian millionaire club incorporated 7,300 people in mid-2018, driving up the total number of millionaires to 3,43,000 in 2018. Major players, who are currently operating in the Indian wealth management market include Alpha Capital, Bajaj Capital Limited, Edelweiss Asset Management Limited, Karvy Private Wealth and Sanctum Wealth Management Limited.
Key growth drivers of the market
• India is expected to be one of the powerful economies of the world in the next 10-15 years, owing to its strong bilateral ties. With the growth of the economy, income opportunities have increased, thereby giving rise to people’s disposable income. As a result, an attractive business environment has developed for wealth management firms.
• With robust technological advancements in the field of financial services in the form of robo-advisors, artificial intelligence and the like, wealth management companies are now capable of providing highly personalized services that can fulfil the individual needs of investors. This in turn is giving rise to customer satisfaction and high investments in the field of financial services in India.

Key deterrents to the growth of the market
With increased usage of technology, risk of data breach and cyber fraud has increased. Between July 2018 and April 2019, data breaches cost Indian organizations INR 128 Mn. Such cases of high-profile financial scams, unethical practices by advisors with short-term objectives, and lack of effective investor protection regulations have contributed to insecurities among investors. This, in turn, is impeding the growth of wealth management companies across India.

Companies covered
• Alpha Capital
• Anand Rathi Wealth Services Limited
• Bajaj Capital Limited
• Centrum Wealth Management Limited
• Edelweiss Asset Management Limited
• IIFL Wealth Management Limited
• Karvy Private Wealth
• Motilal Oswal Wealth Management Limited
• Sanctum Wealth Management Limited
• Waterfield Advisors Private Limited

The post Wealth Management Market in India 2019 first appeared on CRI Report.

Roads & Highways Construction Market in India 2019

admin — Sat, 12 Sep 2020 05:22:15 +0000

The Indian has the second-largest road network across the globe, which consists of state highways (1,56,694 km), national highways (1,32,500 km), and other roads (56,08,477 km). The roads and highways sector in India is undergoing development in recent years, owing to the rising public-private partnerships, as well as adequate government support and investments through the ‘Bharatmala Pariyojana’ initiative. National highways construction in India is forecasted to reach 65,000 km by FY 2022, growing at a compound annual growth rate (CAGR) of ~81.59% during the FY 2019-FY 2022 period. In the Union Budget of FY 2020, the Indian government has allocated a fund of INR 1.12 Tn to the Ministry of Road Transport and Highways for the improvement of road connectivity across the country.
Market segment insights
In FY 2018, the government of India has constructed 1,348 km roads in Maharashtra to ensure smooth transportation of freight to and from the ports. The National Highways Authority of India has allocated various roads and highway construction projects to companies, including Dilip Buildcon (~37.59%), IRB Infrastructure, PNC Infrastructure, and Ashoka Buildcon.
As of 3rd May 2019, ~52% of the public-private partnership projects in India are related to the construction of roads and bridges, especially for fulfilling the ambitious target of the Indian government of completing construction of ~65,000 km roads and highways by the end of FY 2022. Among the national highways built so far in India, ~59% are double lane roads, ~27% are single lane roads, and the rest are four, six, or eight-lane roads, by length.
Key growth drivers of the market
• As of September 2018, roads accounted for ~59% of the overall freight transport across India. The arrival of tourists increased in April 2019 by ~3.5% from that of April 2018. To provide access to drivable roads to car owners, enable smooth freight transport, and cater to the preferences of tourists, the Ministry of Road Transport and Highways have been emphasizing on the construction of roads and highways across the country.

• The Indian government has a keen focus to improve road infrastructure across the country. Under the ‘Bharatmala Pariyojana’ project, the government has initiated the construction of 34,800 km roads and highways by the end of FY 2022, covering different regions of India. The government has also undertaken the Special Accelerated Road Development Programme for the North-East project, especially for the improvement of road and transport infrastructure in the north-eastern region of India.

Companies covered
• Ashoka Buildcon Limited
• Dilip Buildcon Limited
• GVK Power & Infrastructure Limited
• IRB Infrastructure Developers Limited
• KNR Construction Limited
• MEP Infrastructure Developers
• Patel Engineering Limited
• Reliance Infrastructure Limited
• Sadbhav Engineering Limited
• Larsen & Toubro Infrastructure Development Projects Limited

The post Roads & Highways Construction Market in India 2019 first appeared on CRI Report.

Agricultural Machinery Market in India 2019

admin — Sat, 12 Sep 2020 05:20:31 +0000

India is an agrarian economy, with over 50% of the population dependent on agriculture for their livelihood. As of 2019, agriculture and its allied sector accounted for ~16% of India’s gross domestic product (GDP). The performance of this sector drives the prices and market demand for essential commodities. The accessibility, and quality of agricultural machinery positively impacts productivity and output of the farming sector. Furthermore, the Indian machinery market is expected to introduce Self-Driving Autonomous Tractors, and increase application of innovative technology like Internet of Things (IoT) and Big Data to make agriculture a profitable profession for farmers.

Market Insights
The Indian agricultural machinery market was valued at INR 498.04 Bn in 2018 and is expected to reach INR 901.41 Bn by 2024, expanding at a CAGR of ~10.70% during the 2019-2024 period. The industry experienced a sluggish growth initially, owing to the economic slowdown in the country. However, rise in the purchasing power, availability of better financing options, and growth of contract farming are expected to improve market revenue during the forecast period. The adoption of the sharing economy model and tech-driven start-ups is expected to revolutionize the agriculture machinery market in India.
The United States, Nepal and Sri Lanka account for the major share of exports of agricultural equipment from India. Whereas, India imports more than 70% of agricultural equipment from China.

Market Segment Insights
Based on products, the market can be segmented into tractors, rotavators, power tillers, threshers, and others. The tractor segment dominated the market with a revenue share of ~81% in 2019. Moreover, it is expected to remain the largest segment both in terms of value and growth rate during the forecast period (2019-2024).
Industry players contributing to the market revenue include TAFE, Escorts Limited, and Sonalika Tractors among others. Mahindra & Mahindra leads the market with a market share of ~40.20%, in terms of revenue, in India, and is the largest tractor manufacturer in the world.

Government Initiatives
To promote the application of farm mechanization, the government has set up the Farm Machinery Training and Testing Institutes (FMTTIs) and formulated bodies to quality check agricultural machines and implements. Indian Council for Agriculture and Research (ICAR) and State Farm Corporation of India have been set up to improve the adoption of new technologies in crop production. Other initiatives include setting up financial institutions and providing incentives and subsidies.

Companies covered
• Mahindra & Mahindra Limited
• Escorts Limited
• Force Motor Limited
• Greavers Cotton Limited
• Shivagrico Implements Limited
• VST Tillers Tractors Limited
• John Deere India Private Limited
• Tractor and Farm Equipment Limited
• International Tractor Limited
• CNH Industries India Private Limited

The post Agricultural Machinery Market in India 2019 first appeared on CRI Report.

Solar Rooftop Market in India 2019

admin — Sat, 12 Sep 2020 05:20:21 +0000

The robust growth of the Indian solar rooftop market can be attributed to the government’s initiative of installing 40GW of solar energy capacity by 2022. Building smart cities is also contributing to the growth of the market. The industry exhibited an increase in solar rooftop capacity addition from 38 MW in 2012 to 3855 MW in 2018, expanding at a compound annual growth rate (CAGR) of ~116% during the (2019-2024) period.

Solar Rooftop Market Insights

Solar rooftop is the fastest-growing sub-sector of non-conventional energy in India. It is mainly due to its advantageous position in the solar belt (400 S to 400 N) that the country enjoys being one of the best beneficiaries of solar energy. Formulation of favourable government policies, growing awareness about renewable energy sources among the masses, increasing investments, rising cost competitiveness and tax benefits are the major factors driving the industry.

However, limited availability of funds, policy and regulatory hindrances, and non-uniform grid assimilation are the major hurdles to the growth of the market. The industry is moving towards adopting disruptive technologies like artificial intelligence (AI) and machine learning (ML) to leverage operational efficiency.

Solar Rooftop Market Segment Insights

Solar energy comprises more than 30% of the total renewable energy count in India. Ground mounts still constitute a significant portion of the solar energy generation in the country. Industrial users are the major consumers of solar rooftop energy, followed by the commercial sector. Its penetration in the residential sector is considerably less but is expected to grow rapidly, owing to the increasing awareness about renewable energy in the country. Solar Photovoltaic is becoming the largest market for new investors among all non-conventional energy sources.

Government Initiative for Solar Rooftop Market

The government has been formulating several policies to boost solar energy generation in India. The National Solar Mission plans to scale up the renewable power generation to 100 GW by 2022, out of which the contribution of solar power is expected to be of 20 GW. Moreover, the government in the Union Budget of 2018-2019 announced zero import duty on parts used in manufacturing solar panels.

State-wise Insights of Solar Rooftop Market

The solar rooftop capacity addition has increased from 337 MW in 2015 to 2368 MW in 2019. Karnataka ranked the first in terms of total solar capacity addition (both ground mount and rooftop), followed by Telangana, Rajasthan, Andhra Pradesh, Tamil Nadu, Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh, and Punjab. Gujarat became the leading state in solar rooftop capacity addition in India in 2019 with a total of 261.97 MW of solar rooftop systems installations.

Competition Analysis of Solar Rooftop Market

The industry is dominated by a few major players like Tata Power Solar Systems Limited, Vikram Solar, and Kotak Urja Private Limited. On the other hand, new players like Loom Solar and Mahindra Susten Private Limited are gaining considerable share in the market. Global firms like Trina Solar (the world’s second-largest solar player) have recently entered the solar industry in India.

Companies of Solar Rooftop Market covered

• Websol Energy System Limited
• Azure Power India Private Limited
• Emmvee Photovoltaic Power Private Limited
• Kotak Urja Private Limited
• Loom Solar Private Limited
• Mahindra Susten Private Limited
• Photon Energy Systems Limited
• Tata Power Solar Systems Limited
• Vikram Solar Limited
• Waaree Energies Limited

Global Renewable Energy Market: By Type (Hydroelectric energy, Geothermal energy, Wind energy, Solar energy and Biomass energy); By End-user (Commercial, Residential and Industrial); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030

The post Solar Rooftop Market in India 2019 first appeared on CRI Report.

Feminine Hygiene Products Market in India 2019

admin — Sat, 12 Sep 2020 05:19:58 +0000

Market insights:
In India, approximately 60% of women are diagnosed with vaginal and urinary tract diseases and infections every year due to poor menstrual hygiene. Growing awareness about intimate hygiene and increase in preference for sanitary products like tampons and panty liners have garnered a huge demand for feminine hygiene products in the country. The entry of new players and start-ups is expanding the feminine hygiene products market in India, which was valued at INR 25.02 Bn in 2018 and is expected to reach INR 58.62 Bn by 2024, expanding at a compound annual growth rate (CAGR) of ~14.92%, during the 2019-2024 period.
Market Segment Analysis:
Segmentation based on product usage:
Out of the 365 Mn menstruating women in India, only ~18% of them use sanitary napkins and the rest ~82% of them, living in semi-rural and rural India, use unhygienic products like newspapers, cloths, rags, dried leaves, plastics, and wood shavings during menstruation. Most women living in urban areas are aware about menstrual hygiene, and can easily avail sanitary napkins from chemists, pharmacies and grocery stores. In rural India, women make use of unhygienic products due to lack of awareness and unavailability of feminine hygiene products. Further, they are often discouraged from buying sanitary napkins, since it is considered a luxury item.
Segmentation based on distribution channel:
Based on distribution channel, the feminine hygiene products market is mainly segmented into supermarkets, hypermarkets, pharmacies, drug stores, and online e-commerce websites, among others.

Key growth drivers of the market:
• Education has made women aware of the importance of feminine and menstrual hygiene. With improved literacy rate, women have become acquainted with the various alternatives to sanitary napkins available in the market, like tampons, menstrual cups and panty liners. As a result, demand for feminine hygiene products has picked up in recent years.
• The Swachh Bharat Abhiyan initiative of the Indian government involves the support of schoolteachers, and state and district administrations for the implementation of safe menstrual hygiene practices in semi-rural and rural areas. Rashtriya Kishor Swasthya Karyakram, another initiative of the Indian government, was launched in 2014 to raise awareness about menstrual hygiene across schools. This program is aimed at ensuring access to subsidised sanitary products and encourage safe menstrual hygiene practices across the country, especially in semi-rural and rural areas.
Key deterrents to the growth of the market:
• Although the Indian government has launched several awareness programs across the country about menstrual hygiene, menstruation continues to be a taboo subject. As a result, women have reservations when it comes to buying feminine hygiene products from pharmacies or local shops, especially in rural areas, thereby impeding the growth of the market.
• The average price of a packet of sanitary napkin, consisting of six to eight pads, varies between INR 50 to INR 85. In a developing country like India, women in rural areas use traditional products like newspapers, plastics, cloths, rags, and other unhygienic products during menstruation, which cost much less than feminine hygiene products available in the market. This differentiation in price impacts the adoption of feminine hygiene products on a large scale, which may hamper the growth of the feminine hygiene products market in India.

Competition analysis:
In India, the feminine hygiene products market is dominated by a number of players like Procter & Gamble Hygiene and Health Care Limited , Johnson & Johnson Private Limited, Unicharm India Private Limited, Kimberly Clark Lever Private Limited, Saathi Eco Innovations India Private Limited, and Sudh Plus Hygiene Products Private Limited. In 2018, among the major companies operating in the country, Whisper by Procter & Gamble Hygiene and Health care Limited, held the largest market share (51.42%), followed by Stayfree and Kotex. This is because Whisper, Stayfree, Kotex have launched lower priced variants of intimate hygiene products, making them affordable for women belonging to the different social strata of the country.

Companies covered
• Procter & Gamble Hygiene and Health Care Limited
• Elize Lifestyle Private Limited
• First Step Digital Private Limited
• Glenmark Pharmaceuticals Limited
• Heyday – Organic Biodegradable Sanitary Napkins and Pads
• Redcliffe Hygiene Private Limited
• Saathi Eco Innovations India Private Limited
• Shudh Plus Hygiene Products Private Limited
• Unicharm India Private Limited
• Johnson & Johnson India

Customizations available:
With the given market data, Research On Global Markets offers customizations according to specific needs. Write to us at support@researchonglobalmarkets.com, or connect with us here.

The post Feminine Hygiene Products Market in India 2019 first appeared on CRI Report.

Digital Healthcare Market in India 2019

admin — Sat, 12 Sep 2020 05:19:19 +0000

India has emerged as one of the fastest-growing digital economies over the past few years, characterized by a 90% growth in terms of digital adoption index, from 2014 to 2017. The healthcare sector in India has embraced digital transformation to improve quality and accessibility. In terms of revenue, the digital healthcare market in India was valued at INR 116.61 Bn in 2018, and is estimated to reach INR 485.43 Bn by 2024, expanding at a compound annual growth rate (CAGR) of ~27.41% during the 2019-2024 period.
Market influencers:
The robust digital footprint of India, coupled with supportive government policies, has played an instrumental role in driving the growth of the digital healthcare market. The Digital India program, initiated in 2015, has strengthened the digital infrastructure required in the healthcare industry. The number of Internet subscribers increased from 251.59 Mn in 2014 to 493.96 Mn in 2018. On the other hand, the number of mobile phone users grew to 1,188.99 Mn in 2018 from 904.52 Mn in 2014.
The digitization initiatives undertaken by the Indian government, including the digital biometric identification program (Aadhaar), have created a favorable ecosystem for the digital healthcare market. Various e-Gov initiatives like the National Health Portal, e-Hospital, and Integrated Health Information Program (IHIP) have further fueled market growth. Moreover, steady inflow of FDI have stabilized the digital healthcare market by addressing the concerns of stakeholders.
Although the digital healthcare sector offers ample opportunities, significant barriers are slowing down the adoption of digitization in the Indian healthcare sector. The lack of digitized data regarding patients’ info and prescription hampers the adoption. Factors like inferior technology infrastructure and lack of structured regulations pose as challenges to the digital healthcare market. Furthermore, the high cost of customer acquisition, along with a complex and multi-layered ecosystem leads to difficulties in value proposition.
Market Segmentation Based on Type:
Based on type, the digital healthcare market is segmented into telehealth, mHealth, electronic health records/electronic medical records (EHR/EMR), and others (remote diagnostics and healthcare analytics). The mHealth segment is estimated to dominate the market, with ~40.64% of revenue share in 2024, followed by the telehealth segment. Enhanced accessibility and convenience encourage patients to embrace mHealth services and solutions, including healthcare apps and wearable devices.
A keen focus on patient-centric healthcare services bolstered the demand for various telehealth services, including telemedicine, telecare, and teleconsulting. The EHR/EMR segment accounted for ~18.7% revenue share in 2018. Indian hospitals such as AIIMS, Fortis Healthcare Limited, Manipal Hospitals, P D Hinduja Hospital, Ruby Hall Clinic, and Christian Medical College Vellore were the major adopters of EHR/EMR.
Technology insights:
Emerging technologies such as artificial intelligence (AI), machine learning, Blockchain, Internet of Things (IoT), Internet of Medical Things (IoMT), and Big Data analytics have helped in shaping the digital healthcare market. The advanced algorithm based on AI and machine learning has the potential to analyze complex medical data and thus predict treatment and care plans for patients. IoT and IoMT have contributed to the growth of the digital healthcare market through the introduction of smart bands, smartwatches, smart glasses, connected medical devices for remote monitoring, and location-based trackers.
Competitive insights:
Players operating in the digital healthcare market experiences stiff competition from each other. The market comprises of various players including start-ups and established global companies, aiming to expand their footprint in India. The presence of numerous players leads to a fragmented market. The relatively untapped market offers high potential and thus attracts significant investment opportunities. Although the market has witnessed the execution of successful pilot projects, there are challenges in scaling up the pilots to meet industry requirements.
Companies covered
• Dr. Lal PathLabs Ltd.
• DocEngage Informatics Pvt. Ltd.
• Gem3s Technologies Pvt. Ltd.
• Lybrate India Pvt. Ltd.
• NovoCura Tech Health Services Pvt. Ltd. (mfine)
• Practo Technologies Pvt. Ltd.
• Cerner Healthcare Solutions Pvt. Ltd.
• Philips India Limited
• Siemens Healthcare Pvt. Ltd.
• Wipro GE Healthcare Pvt. Ltd.

Customizations available
With the given market data, Research On Global Markets offers customizations according to specific needs. Write to us at support@researchonglobalmarkets.com, or connect with us here.

The post Digital Healthcare Market in India 2019 first appeared on CRI Report.

Cloud Infrastructure Market in India 2019

admin — Sat, 12 Sep 2020 05:19:12 +0000

Cloud infrastructure refers to the back end components (servers, network devices, Ethernet switches, and storage) that supports cloud computing services. Businesses across all industries are leveraging the benefits of cloud infrastructure to enhance efficiency, Reduce server and storage costs, and incorporate flexible work practices. Based on the deployment type, public cloud holds over 66% of the total market share, in 2019. The growing adoption of new-age technologies such as Big Data, analytics, artificial intelligence (AI), and the Internet of Things (IoT), along with favourable government initiatives are propelling the growth of the Indian cloud infrastructure market. Government initiatives such as DigiLocker, MeghRaj, and Cloud vision for India 2022, among others, have supported the growth of the cloud infrastructure market and established India as a global hub for cloud computing, content delivery, and data communication services.
India’s cloud adoption rate is set at ~6% which is lower than the global average of ~7.9%. The cloud infrastructure market in India is estimated to expand at a compound annual growth rate CAGR of ~23.61% during the forecast period (2019-2024) and will reach a value of INR 196.46 Bn by 2024.

Key influencers of the market:
o According to a study conducted by StartupBlink (global start-up ecosystem map and research center), India has moved its position at 37 in 2018 to 17 in the ‘Startup Ecosystem Ranking for 2019’. Owing to support from the government’s Startup India Initiative, availability of skilled IT personnel, and easy access to government funds, India has become a popular destination for start-ups. In the Indian cloud ecosystem, start-up companies act cloud service consumers (like Ola Cabs, OYO Hotels and Homes, Bigbasket), as well as a cloud service providers (such as Practo, Knowlarity Communications, and Freshdesk, among others). Hence, the increasing number of start-ups are driving cloud adoption, which as a result is driving the growth of the cloud infrastructure market.
o Emerging technologies, especially IoT and AI has enabled growth in the cloud market in India. Cloud computing is the principal force that enables companies to tap into AI capabilities. Using cloud infrastructure, companies store, manage, and analyze the massive amount of data that are required for AI applications. Similarly, IoT connected devices including connected cars, and smart home appliances use cloud-based infrastructure to communicate and store information. Thus, this symbiotic relationship between IoT, AI, and cloud infrastructure is anticipated to propel the market growth.
o Over the past few years, India has been witnessing a significant increase in cybercrime and data breaches. Concern regarding managing sensitive and confidential information has restrained many enterprises to opt for cloud-based services. Consequently, data security and privacy remain the key challenge limiting the growth of the market.

Competitive insights:
India’s cloud infrastructure market is highly fragmented that is proliferated by both global players (like Amazon and IBM) and domestic players (like Tata Consultancy Services and Wipro). Companies are expanding their target market by investing in setting up new data centers and upgrading their existing data centers in India. Moreover, owing to the importance in understanding customer requirements and ease of deployment process, the role of channel partners (Cognizant, Mindtree) in the cloud ecosystem is also rising.

Companies covered:
o Tata Consultancy Services Limited
o Wipro Limited
o Netmagic Solutions Private Limited
o Rackbank Datacenters Private Limited
o Amazon Web Services, Inc.
o Google India Private Limited
o IBM India Private Limited
o Microsoft Corporation India Private Limited
o Oracle India Private Limited
o VMware Software India Private Limited

Customizations available:
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The post Cloud Infrastructure Market in India 2019 first appeared on CRI Report.

Two-wheeler Market in India 2019

admin — Sat, 12 Sep 2020 05:19:06 +0000

The Indian automobile sector is experiencing a slowdown since September 2018, which is likely to ease by the second half of FY 2020. The Indian government’s unforeseen announcements regarding the norms of BS-VI transition and the electrification of two-wheelers by 2025 have made the market volatile. However, the automobile sector is expected to recover by mid-FY 2021 as per speculations of industrial experts.

Market Insight
The two-wheeler market has witnessed a significant growth over the last decade. An increased demand in urban and semi-urban areas, and a relatively low cost of ownership are some of the leading factors propelling the growth of the market in India. Being the preferred alternative to public transports and four-wheelers also adds to its popularity. Lately, the industry has been facing headwinds and is showing signs of weakness with rising fuel prices, growing safety issues, multiple road accidents, higher insurance charges and uncertainty regarding the electrification of bikes. These are the reasons impeding the industry’s growth. The two-wheeler market in India is forecasted to expand at a CAGR of 7.33%, and reach a sales volume of 24.89 Mn units by 2024, from 21.19 Mn in 2019.
Market Segmentation Analysis
The two-wheeler market in India is segmented on the basis of scooters, motorcycles, and mopeds. The motorcycle segment occupies two-third market share of the two-wheeler market in India, and is followed by the scooters and mopeds segments. The market share of the motorcycles segment increased by 5% year-on-year during the FY 2018-FY 2019 period, while that of the scooters segment decreased marginally during the same period. In 2018, the top products in the Motorcycles segment were Hero Splendor, Hero HF Deluxe, Honda CB Shine, Bajaj CT100, and Hero Passion, while for the Scooters segment Honda Activa, TVS Jupiter, Suzuki Access, Honda Dio, and Hero Maestro were the major products.
Government Initiatives:
With the introduction of the government-backed program, Amma Bikes Scheme, which entitles every working woman in Tamil Nadu for a subsidy of 50% up to INR 25,000 on the purchase of a two-wheeler, the sale of two-wheelers in the state has gone up. However, the conversion of conventional bikes (up to 150 cc) into electric ones had an adverse impact on top players in the two-wheeler market. Two-wheelers, with a capacity of up to 150 cc, account for approximately 88% of the overall two-wheelers production in India. The target to electrify all these two-wheelers produced by 2025 is a major challenge for giant companies as more than 90% of their businesses are constituted of such bikes. Therefore, the transition will lead to a substantial monetary loss for the companies.
Competition Analysis
In FY 2019, Hero MotoCorp Limited (formerly Hero Honda Limited) maintained its leadership position in the Indian two-wheeler market, followed by Honda Motorcycle and Scooter India Private Limited. TVS Motor Company Limited and Bajaj Auto Limited maintained the third and fourth positions, respectively. Other significant players in the sector include Eicher Motors Limited, India Yamaha Motor Private Limited, and Suzuki Motorcycle India Private Limited. All major players are currently going through a transitional phase to launch electric bikes because of the recent Niti Aayog directive.
Companies Covered
• Bajaj Auto Limited
• Eicher Motors Limited
• Hero MotoCorp Limited
• TVS Motor Company Limited
• Mahindra Two-wheelers Limited
• Honda Motorcycle and Scooter India, Private Limited
• India Kawasaki Motors Private Limited
• India Yamaha Motor Private Limited
• Piaggio Vehicles Private Limited
• Suzuki Motorcycle India Private Limited

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