Scooters, Bikes and Rickshaws

Index : 1,713 | 1Yr : +2.63% | 1Mo : +1.26%

Category : Sectoral Trackers

Min Investment : 12,384

Sharpe Volatility Trend

India is the second largest manufacturer of two wheelers in the world. The two wheeler segment has an 80% market share of the automotive sector and production has increased 3 to 4 fold since the past decade. Indian manufacturers have attained full potential and have expanded into international markets such as Africa and Latin America. The export market has grown exponentially as a share of total revenues for Indian companies. It is expected that by 2020, India will be the largest manufacturer of two wheelers in the world.

India has the largest three wheeler industry with a large domestic and export market. It has a growing export market in the African continent and South-east asian countries. The industry is highly consolidated and a few players control the entire market share of this sub-segment of automobiles.

This sector is affected by seasonal monsoons, interest rates, rural wages and income growth. With consistent growth in per capita GDP and disposable incomes, it is expected that sales will continue to grow at a healthy pace. An important point to note is that road infrastructure does not affect two wheelers sales as much as it does for three wheeler segment and passenger vehicles segment.

Invest in promising companies which can continue to gain market share and will potentially develop a sizeable international business either directly or indirectly.

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