Pipeline of new model launches remains strong in the PV segment , CV OEMs showcased capabilities in the Electric & Hybrid technologies for buses : ICRA


New model pipeline remains beaming in the PV segment

  • According to ICRA Competition likely to heat up in the Compact UV and Notchback (Mid Sedan) segment
  • Hybrid buses present a sizeable opportunity for CV OEMs in India backed by an favorable incentive program
  • Passenger Vehicles: Compact Cars & Compact UVs were key focus area for OEMs
  • Renault aims to further expand market share with launch of 1.0L and AMT variants; however, ability to ramp-up production quickly remains a key.
  • According to ICRA , in price conscious Indian PV market, premium compact hatchbacks (i20, Baleno) are growing at much faster pace than entry level compact hatchback
  • Compact sedans (notchbacks) remain key attraction for OEMs with multiple launches expected in the segment.
  • Larger UV segment has remained laggard over last 2-3 years; however, several new models in larger UV segment should help segment to register healthy growth going forward
  • M&M continue to maintain strong presence in UV2+ segment, with over 48.2% share during 10m FY16
  • ICRA feels The new Signa range of trucks will eventually replace the existing range of conventional trucks
  • The penetration of CNG or Diesel hybrid buses in India will depend to a great extent on the pricing (post subsidy reimbursement under the GOI’s FAME program)
  • New Diesel hybrid bus also promises to overcome the shortcomings of an electric vehicle by using an ‘ultra capacitor’ technology.

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