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INDUSTRIAL ANALYSIS REPORT

ON

GROWTH OF CAR INDUSTRY IN INDIA

AN A+ RATED BUSINESS SCHOOL

SCHOOL OF MANAGEMENT SCIENCES


VARANASI

Submitted To: Submitted By:

Mr. Satyendra Pratap Singh Aman Zaheer


Reader IRM/03/03
SMS-VARANASI PGIRM
INDUSTRY ANALYSIS REPORT
ON

GROWTH OF CAR INDUSTRY IN INDIA

Submitted To: Submitted By:


Mr. Satyendra Pratap Singh Aman Zaheer
Reader IRM/03/03
SMS-VARANASI PGIRM
PREFACE

Industry analysis is finding of data, relevant to specific industry. This project is a


written presentation with observation and references derived from the secondary data.

The report starts by giving an industry profile, internal view about the company and
their product line. In order to achieve the objective and better under stand the problem
of industry, it was decided to collect the secondary data concerning to particular
industry.

Industry profiling was aimed to know the status of different car firms. All the findings
are analysed through tabulation data, graph, chart and percentage. At the last of the
report you can find the suggestions and the recommendations based on the
information gathered by data.

AMAN ZAHEER
DECLERATION

I, AMAN ZAHEER student of PGDM (IRM) I st Semester at SMS, Varanasi here by


declare that the Industrial analysis “Growth of Car industry in India” is the result of
my own effort, is raised on information collected, guidance given by my mentor &
faculty member.
The industrial analysis is correct to the best of my knowledge this report so far has not
been published anywhere else.

AMAN ZAHEER
ACKNOWLEDGEMENT

Nothing can be gained or acquired without hard work which leads to success.
The success of my project is the amalgamation of my hard work and cooperation of
respondents, who delivered their precious time without any hesitation.

I do not have adequate words to convey my emotion rather than feeling of gratitude,
for the people who helped me in making my project report purposeful.
I take the opportunity to convey my sincere gratitude to my research mentor
Mr. Satyendra Pratap Singh for his helpful guidance during my survey period.

First of all I would like to thank God and my parent who showered their blessing
upon me in each step of my survey. I am highly thankful and immensely obliged for
his constant guidance and words of inspiration.
Last but not the least, I specially wish all my friends especially Gaurav, Prasun and
Subodh as without their valuable support this report would have not been possible.

Aman Zaheer
PGIRM
IRM/03/03
CONTENTS

1. INTRODUCTION 1-26

INDUSTRY OVERVIEW
MAJOR PLAYERS IN CAR INDUSTRY

2. RESEARCH OBJECTIVES 27

3. RESEARCH METHODOLOGY 28

4. INDIVIDUAL PERFORMANCE OF 29-39


COMPANIES

5. COMPARATIVE ANALYSIS OF CAR 40-48


COMPANIES

5. FINDINGS 49-51

6. CONCLUSION 52

7. SUGGESTION S 53-54

8. LIMITATIONS 55

9. BIBLIOGRAPHY 56

10. ANNEXURE 57-61


INTRODUCTION
INDUSTRY OVERVIEW

As per the history of Automobile Companies in India, in the late 1890's Tata Motors
launched its first truck in India. It was done in collaboration with Mercedes-Benz.
Though automobiles were introduced to India in the late 19th century, it was only
after the Indian independence in 1947 that India started manufacturing automobiles.
Some of the early Automobile Companies in India are:

 Hindustan Motors
 Premier Automobiles
 Tata Motors
 Maruti Suzuki

Sanjay Gandhi was the first Indian politician who championed the need for a
"people's car". Thus the state-owned firm, Maruti Udyog, was launched and gained
over 50% market share.
After the liberalization in 1991, India's Automobile Industry grew in leaps and
bounds. With the growth in the Indian economy, big international car manufacturers
like General Motors, Ford, Toyota, Honda, Hyundai, Rolls Royce, Bentley and
Maybach entered the Indian market. Earlier in the 1920's Rolls Royce collections was
the maharaja’s status symbol. With time the middle class also started possessing their
own automobiles.
With the introduction of several automobiles in India, highways or expressways were
constructed. The renowned international automakers like Ford, Suzuki, GM and
Honda have their manufacturing bases in India. But, Automobile Industry in India is
dominated by domestic companies like Maruti Suzuki, Tata Motors, Mahindra &
Mahindra, Ashok Leyland and Bajaj Auto.
Today Indian automotive industry is fully capable in producing various kinds of
vehicles and can be divided into 03 broad categories: Cars, two-wheelers and heavy
vehicles.
Milestones achieved: The milestones achieved by the Automobile Companies in
India are:

 The first automobile in India rolled in 1897 in Mumbai.


 International players are adding to their investments in Indian auto industry.
 As far as the two-wheelers are concerned, motorcycles contribute 80% of the
segment size.
 The Indian passenger vehicle market is dominated by cars by 79%.
 India’s Automobile Industry is the largest three-wheeler market in the world.
 India is the second largest tractor manufacturer in the world.
 The Automobile Industry in India is the fifth largest commercial vehicle
manufacturer in the world.
 India is the fourth largest car market in Asia.

Latest News in the Industry: The latest in the world of Indian Automobile
Companies are:

 Hyderabad is coming up with the first automobile mall of the country by 2008.
It will also comprise a multi-purpose convention centre and product launches.
 The latest car in the Indian Automobile Industry is the Tata Nano. It costs
approx US$ 2,500. While Bugatti Veyron, another new car, costs over US$ 2
million.
 Facts have revealed that the Automobile Industry in India employs 13 million
individuals in India. This industry contributes about 3.1% of India's GDP
(nominal).
 Renault Nissan Automotive India Private Limited (RNAIPL) is launching its
new passenger vehicle plant in Chennai, India which is expected to begin
operations in 2010.
 India launched its first hybrid car, the sedan Civic by Japans Honda Motor Co
on Wednesday, June 18, 2008.
 Due to levying of additional excise duty by the government, there is a hike in
the cost of imported luxury cars.
CARS BY PRICE RANGE

Under Rs 3 Lakhs Maruti 800, Alto, Omni

Ambassador
Fiat Palio
Hyundai Santro, Getz
Rs 3-5 Lakhs Chevrolet Opel Corsa
Maruti Zen, Wagon R, Versa, Esteem, Gypsy
Ford Icon &Fiesta
Tata Indica, Indigo
Mahindra Bolero

Chevrolet Swing, Optra, Tavera


Hyundai Accent, Elantra
Rs 5-10 Lakhs Mahindra Scorpio
Maruti Baleno
Toyota Corolla, Innova
Tata Safari
Mitsubishi Lancer, Lancer Cedia
Honda City

Ford Mondeo & Endeavour


Chevrolet Forester
Rs 10-15 Lakhs Skoda Octavia Classic & Combi
Honda Civic

Maruti Suzuki Grand Vitara


Hyundai Sonata Embara, Terracan & Tucson
Mitsubishi Pajero
Audi A4
Rs 15-30 Lakhs Opel Vectra
Honda Accord
Mercedes C Class
Toyota Camry
Above Rs 1 Crore Bentley Arnage, Continental GT & Flying Spur
Rolls Royce Phantom
Maybach

TATA MOTORS
“Leading the future”
TATA MOTORS LTD.
“Leading the Future”

Company Background

Tata Motors Ltd (TML), widely known as TELCO, is one of the oldest Indian
automobile companies. The company was established in 1945 as Tata Engineering
and Locomotive Co Ltd (TELCO), primarily to manufacture locomotives and other
engineering products. The company's first automobile, a commercial vehicle, was
launched in 1954 in collaboration with Daimler Benz AG of West Germany.

Today, Tata Motors is India's largest Indian automobile company with annual
revenues of Rs.32, 125.3 crore (2006--07) and a manufacturing capacity of 6.8 million
vehicles. The company claims to be the world's fifth largest medium and heavy truck
manufacturer and the second largest heavy bus manufacturer.

The company is the leader in the Indian commercial vehicles space and the third
largest in the Indian passenger vehicles space with presence in compact, mid--size car
and multi--utility vehicles. These automobile segments together accounted for nearly
93 per cent of the company's revenues in 2006--07. Other segments which account for
the balance include diesel engines for marine applications, spare parts and castings.
Primarily a heavy truck manufacturer, the company commands a significant 60.2 per
cent market share of the total medium and heavy commercial vehicles (M&HCVs)
market. Its share in the light commercial vehicle (LCV) segment was 64.5 per cent.

Since 2003--04, TML has ramped up its capacity at a robust pace in each subsequent
year to 6.8 lakh vehicles in 2006--07. And, with an envisaged investment of Rs.11,
940 crore (till January 2008) capacity will nearly double to 13.2 lakh vehicles per
annum by 2008--09.over 2,000 touch- The company's manufacturing base is spread
across Jamshedpur in east, Pune in west and Lucknow in the north. With ongoing
expansion plans, the company would house its new LCV plant at Uttarakhand and its
Rs.one lakh passenger car plant at Singur in West Bengal. The company has a huge
nation--wide dealership, sales, services and spare parts network comprising points. Its
global presence includes assemblies in Malaysia, Bangladesh, Ukraine, Kenya and
Russia. Tata cars, buses and trucks are also being separately marketed in several
Countries in Europe, Africa, the Middle East and South East Asia.

TML's largest industrial joint venture is with the Italian auto major -- Fiat Auto to
manufacture passenger cars, engines and transmissions for the Indian and overseas
markets in India entered in 2006. It has also formed a JV with Marcopolo, a Brazil
based buses and coaches body-builder in 2006 and and with Thonburi Automotive
Assembly Plant Company of Thailand to manufacture and market pickups in Thailand
in 2006. Its largest international footprint includes Jaguar Land Rover acquisition in
June 2008 and acquisition of Korea's second largest truck maker-- Daewoo
Commercial Vehicle Company in 2004 which is now re--christened as Tata Daewoo
Commercial Vehicle Company. The company has also acquired a 21% stake in
Hispano Carrocera, a Spanish bus and coach manufacturer (2005).

The company developed India's first indigenous light commercial vehicle-- Tata 407
in 1986. In 1998 the company developed India's first sports utility vehicle-- Tata
Safari and the first indigenously manufactured passenger car-- Tata Indica. In
September 2004, Tata Motors became the first company from Indian engineering
sector to be listed on the New York Stock Exchange. In January 2008, the company
unveiled the world's cheapest car -- Tata Nano for Rs.one lakh (ex-- dealer) Tata
Motors is an arm of one of the largest Indian business conglomerates -- the Tata
Group whose revenues in 2006--07 crossed Rs.1, 000 billion. The group companies
together hold a controlling stake of 33.4 per cent in the company.

Products and Brands


Passenger Cars: Indica V2, Indigo, Indigo Marina
Indigo SX, Indica V2 Turbo, Indica Xeta
Utility Vehicles: Safari Dicor, Sumo

CONTACT INFORMATION
Tata Motors Ltd.

Registered office

Address

Bombay House, 24, Homi Mody Street,


Street Fort,

City Mumbai Pincode 400001

State Maharashtra

Email address inv_rel@tatamotors.com

Website www.tatamotors.com

Telephone and fax


numbers

Country code 91

Tel no. 022-66658282

Fax no. 022-66657799

AWARDS AND ACCOLADES


2003

• Awarded with the ‘Golden Peacock Environment


Management Award’ in the category of ‘large
Manufacturing by the World Environment Foundation, New
Delhi.
• Won the Jamnalal Bajaj Uchit Vyavahar Puraskar
For fair business in the ‘manufacturer-large’
Category ,converred by the Council for Fair
Business Practices.
• The commercial vehicle business unit was presented with a
commendation certificate for
‘Stong commitment to TQM.’
• Tata Indigo was voted as the ‘most exciting new car’ by the
ICICI Bank and OverdriveAwards

2002

• The Indian Merchants’ Chamber Diomand Jubilee


Endowment Trust Award was presented with the
‘Industry and Technology Award’.
• Tata Indica was presented with the ‘voice of customer
award’ for the best diesel small car’ at NFO Automotive
India.
• Tata Motors ,Jamshedpur, was presented with the
Prestigious ‘Prof Vasant Rao rolling trophy,’instituted by
Indian Value Engineering Society, in the area of value
engineering.

Comfortable, safe, all-weather car, high on fuel


efficiency & low on emissions
Chairman of the Tata Group and Tata Motors, today unveiled the Tata ‘NANO’, the
People’s Car from Tata Motors that India and the world have been looking forward to.
A development, which signifies a first for the global automobile industry, the People’s
Car brings the comfort and safety of a car within the reach of thousands of families.
The People’s Car will be launched in India later in 2008.

Speaking at the unveiling ceremony at the 9th Auto Expo in New Delhi, Mr. Ratan N.
Tata said, “I observed families riding on two-wheelers – the father driving the scooter,
his young kid standing in front of him, his wife seated behind him holding a little
baby. It led me to wonder whether one could conceive of a safe, affordable, all-
weather form of transport for such a family. Tata Motors’ engineers and designers
gave their all for about four years to realise this goal. Today, we indeed have a
People’s Car, which is affordable and yet built to meet safety requirements and
emission norms, to be fuel efficient and low on emissions. We are happy to present
the People’s Car to India and we hope it brings the joy, pride and utility of owning a
car to many families who need personal mobility.”

Stylish, comfortable
The People’s Car, designed with a family in mind, has a roomy passenger
compartment with generous leg space and head room. It can comfortably seat four
persons. Four doors with high seating position make ingress and egress easy.
Yet with a length of 3.1 metres, width of 1.5 metres and height of 1.6 metres, with
adequate ground clearance, it can effortlessly manoeuvre on busy roads in cities as
well as in rural areas. Its mono-volume design, with wheels at the corners and the
power train at the rear, enables it to uniquely combine both space and
manoeuvrability, which will set a new benchmark among small cars.

When launched, the car will be available in both standard and deluxe versions. Both
versions will offer a wide range of body colours, and other accessories so that the car
can be customised to an individual’s preferences.

Fuel-efficient-engine
The People’s Car has a rear-wheel drive, all-aluminium, two-cylinder, 623 cc, 33 PS,
multi point fuel injection petrol engine. This is the first time that a two-cylinder
gasoline engine is being used in a car with single balancer shaft. The lean design
strategy has helped minimise weight, which helps maximise performance per unit of
energy consumed and delivers high fuel efficiency. Performance is controlled by a
specially designed electronic engine management system.

Meets all safety requirements


The People’s Car’s safety performance exceeds current regulatory requirements. With
an all sheet-metal body, it has a strong passenger compartment, with safety features
such as crumple zones, intrusion-resistant doors, seat belts, strong seats and
anchorages, and the rear tailgate glass bonded to the body. Tubeless tyres further
enhance safety.

Environment-friendly
The People’s Car’s tailpipe emission performance exceeds regulatory requirements. In
terms of overall pollutants, it has a lower pollution level than two-wheelers being
manufactured in India today. The high fuel efficiency also ensures that the car has low
carbon dioxide emissions, thereby providing the twin benefits of an affordable
transportation solution with a low carbon footprint.
MARUTI SUZUKI
“Count on us’
MARUTI SUZUKI INDIA LTD.
“Count on Us”

Company Background

Maruti Suzuki, formerly known as Maruti Udyog is one of India's leading automobile
manufacturers and the market leader in the passenger car segment. The company was
established in February 1981 through an act of Parliament, as a Government company
in technological collaboration with Suzuki Motor Corporation (SMC) of Japan. The
government held a controlling stake of 74 per cent with SMC holding the rest. Over
the years, SMC has increased its stake in the company to 54.2 per cent as on 31
March 2008. Post liberalisation of the automobile industry in 1992, the government
gradually divested its stake in the company and exited it completely in May 2007.

Maruti's first product -- Maruti 800 made its debut in December 1983, when there
were only two car companies in India. Suzuki's car technology helped the company
gain a strong foothold in the Indian car market. The company has led the Indian car
market for over two decades and became the first Indian car company to mass
produce and sell more than a million cars by 1994. Till March 2007, the company has
produced and sold over six million cars.

Maruti accounts for over 50 per cent of the total Indian passenger car market with
respect to volumes. However, in terms of revenues generated from car sales, the
company's market share stood at 38.5 per cent in 2005--06. It has a negligible one per
cent share of the MUV segment. Maruti derives nearly 93 per cent of its income from
automobile sales while spares, dyes, moulds and services account for the rest.
The company has a portfolio of 11 car brands with over 50 variants, including the
people's car -- Maruti 800, compact cars -- Alto, Zen Estilo and WagonR, premium
compact car -- Swift, off-roader jeep -- Gypsy, mid-size sedan -- Swift DZire, luxury
sedan -- SX4, MPVs -- Omni and Versa and luxury SUV -- Grand Vitara.

Maruti has predominantly been a small car maker. Mini and compact cars make up
for around 83 per cent of total cars sold by the company. Through its subsidiaries, the
company also provides allied services like sale and purchase of pre-owned cars, lease
and fleet management service for corporate clients, insurance and finance services,
etc. The company topped the customer satisfaction survey conducted by J.D.Power &
Associates for the eighth successive year in 2007. Through a network of 500 dealer
outlets and 2,445 service workshops, Maruti's national reach is spread over 1,172
cities, the largest network by any automobile company.
The company's registered office is in Delhi and its plants are located in Gurgaon and
Manesar, south of Delhi. The Gurgaon plant has an installed capacity of 3.5 lakh cars
per annum. In 2006--07, the company took over Maruti Suzuki Automobiles India Ltd
having a facility at Manesar housing a car manufacturing plant with a capacity of one
lakh cars per annum and a diesel engine manufacturing plant with a capacity of one
lakh units per annum. Maruti has optimally utilised its capacity over the years. Its
capacity utilisation level has crossed 100 per cent in each of the last five years. The
Gurgaon and the Manesar facilities have a combined capability of producing over
seven lakh vehicles per annum. The company has chalked out an investment plan of
Rs.9, 000 crore to expand its installed capacity to one million cars by 2010

Products & Brands

Four Wheelers: Maruti Alto, Maruti Baleno, Maruti Esteem,


Maruti Gypsy, Maruti Omni, Maruti Swift,
Maruti Versa, Maruti Vitara, Maruti Wagon-R
Maruti Zen, Maruti SX4
CONTACT INFORMATION

Registered office:

Address:

Street: 11th Floor, Jeevan Prakash Building, 25,


Kasturba Gandhi Marg,

City: New Delhi

State: Delhi

Email address: investors@maruti.co.in

Website: www.marutiudyog.com

Telephone and fax numbers

Tel no: 011-23316831

Fax no: 011-23713575


AWARDS AND ACCOLADES

2005

• Number one in JD power SSI for the second


consecutive year.

• Number one in JD Power CSI for the sixth time


In a row-the only car to win it so many times.

• M800 ,Wagon R and Swift topped their segments


In the TNS Total Customer Satisfaction Study
Leadership in the JD Power Initial Quality Study
Alto number one in this segment for a second time in
a row.

• Wagon R and Esteem top their segments in the JD


power APEAL Study
HYUNDAI
“Drive your way”
HYUNDAI MOTOR INDIA LIMITED

“Drive your way”

Company Background
Hyundai Motor India Limited (HMIL), was incorporated in the year 1996. It is a
wholly owned subsidiary of Hyundai Motor Company (HMC) of South Korea, a
Hyundai Motor Group.
Currently Mr. H. S. Lheem is the Managing Director of Hyundai Motor India
The product range manufactured by HMIL are passenger cars, vehicles spare parts,
engines and transmission systems. HMIL presently markets over 32 variants of
passenger cars in six consumer segments. The model it has rolled out in India ranges
from small cars to Sports Utility Vehicles with brand names like Santro, Getz, Accent,
Elantra, Sonata, Tucson and Terracan. Hyundai's fully integrated manufacturing plant
consists of presses for the body panels, paint shop, final assembly, engine and
transmission lines, aluminium foundry, plastic intrusion unit, engine and transmission
unit, test track and in-house R&D centre. The production management processes at
Hyundai Motor India implement a wide range of management techniques like Just-in-
time inventory management, Kaizen, TPM and TQM that help it in making the world
class cars, right here in India.

The registered office of Hyundai Motor India Limited is in Kancheepuram (Tamil


Nadu) and its passenger cars are manufactured in Irungattukkotai (TN). HMIL has its
dealer network and its service network spread across the country. Internationally,
Hyundai has a joint venture with Daimler Chrysler and Mitsubishi. Besides it has a
strategic partnership with United Technologies Corporation, USA for the
development of fuel cell vehicles and with Capstone Turbine Corp, USA for the
development of gas turbine hybrid engines for cars and CVs.
Products & Brands

Santro Xing Elantra


Getz i10
Accent

CONTACT INFORMATION

Hyundai Motor India Ltd.

Registered office

Address:

Street
Plot No.H-1, SIPCOT Indl.
Park,
Irugattukottai,
Sriperumbudur Taluk, Pinco 60210
City Kancheepuram de 5

State Tamil Nadu


www.hyundaimotorindia.c
Website om
Telephone and fax
numbers
Area
Country code 91 code 44

Tel no. 47100000

Fax no. 47100100


MAHINDRA
&
MAHINDRA
MAHINDRA & MAHINDRA

Company Background
Mahindra and Mahindra (MNM) were incorporated in 1945 and is one of the flagship
companies of the Mahindra Group. MNM's core businesses are manufacturing,
distribution and sale of farm equipment and utility vehicles.

The majority stakeholders of the company are institutional investors holding above 56
percent and the Indian promoters holds more than 22 percent while the Indian public
hold above 10 percent of stake in the company. Mr. Keshub Mahindra is the chairman
of the company.

MNM manufactures utility vehicles and tractors. In the automobile sector the
company manufactures LCVs, cars, jeeps, multi utility vehicle's and three wheelers.
Its activities in the farm equipment sector comprise of designing, development,
manufacturing and marketing of tractors, farm implements, basic and advanced agri
implements, earth moving and construction equipment and manufacturing of
industrial engines.

In the defense sector the company manufactures light armoured multi role vehicle,
simulators for weapons & weapon systems, mobile surveillance platforms, sea mines
and small arms. It has ventured into 3-wheeler segment with an electric-battery-
operated vehicle through its subsidiary Mahindra Eco Mobiles.

MNM has its registered office in Mumbai and its plants are in Maharashtra, Uttar
Pradesh, Rajasthan and Andhra Pradesh. The company has sales offices with a
supporting network of dealers throughout the country. MNM also has a presence in
the International market. The Company has entered into a JV with Renault of France
for the manufacture of a mid-sized sedan, the Logan, and with International Truck &
Engine Corporation, USA, for manufacture of trucks and buses in India.

Products & Brands

Bolero
Bolero Camper
MaXX
Scorpio
Marshall DI
Marshall Deluxe
CONTACT INFORMATION

Mahindra & Mahindra Ltd.

Registered office

Address:
Gateway Building, Apollo
Street Bunder,

Pinco 40000
City Mumbai de 1

State Maharashtra

Website www.mahindra.com

Telephone and fax


numbers

Area
Country code 91 code 22

Tel no. 22021031

Fax no. 22875485


HINDUSTAN
MOTORS
HINDUSTAN MOTORS
Company Background

Mr. B. M. Birla founded Hindustan Motors in the year 1942 by setting a plant at Port
Okha, Gujarat. Later in 1948 it moved to Uttarpara, West Bengal. Today Hindustan
Motors is the Flagship Company of the C.K. Birla group. The Indian promoters have
equity holding of about 30 percent. Indian public holds above 41 percent of
company's equity while institutional investors own nearly 10 percent. Currently Mr.
C. K. Birla is the chairman of the company. Hindustan Motors manufactures
passenger cars, heavy commercial vehicles, utility vehicles, car engines, power
products, earth moving equipment like dumpers, loaders, etc. Some of the names of
the products of the company are Ambassador & Contessa, Trekker, Porter, Pushpak &
Bedford trucks, Mitsubishi Lancer & Mitsubishi Pajero.

In collaboration with OKA Motor Company, Australia, HML manufactures the RTV,
which is available in diesel, petrol, CNG/LPG variants. The company's engineering
division support solutions such as, production optimization, trouble-shooting solution,
engineering information, management solutions and implementation for the
engineering industry. The registered office of Hindustan Motors is in Kolkata,
besides its owns 3 plants one in Uttarpara (WB), the second in Thiruvallur (Tamil
Nadu), & the third in Pithampur (MP). The Automobile division at Uttarpara, West
Bengal manufactures Passenger Cars and Multi Utility Vehicles, while Thirivallar
plant exclusively manufactures Mitsubishi Lancer. The RTV is manufactured at the
Pithampur plan Hindustan Motors has a technical collaboration with Mitsubishi
Motors, Japan and OKA Motor Company, Australia. The Earth Moving Equipment
Division has collaborations with Caterpillar U.S.A., Terex and with Fermac U.K.
CONTACT INFORMATION

Hindustan Motors Ltd.

Registered office

Address

Birla Building', 9/1, R N


Street Mukherjee Road,
Pinc 7000
City Kolkata ode 01

State West Bengal

Website hmcosecy@hindmotor.com
Telephone and fax
numbers
Area
Country code 91 code 33

Tel no. 22420932

Fax no. 22480055


RESEARCH OBJECTIVES

1. To analyse the income of different car companies.

2. To find out the sale of different car companies.

3. To analyse PBT & PAT of major car companies.

4. To find out Growth percent of Total Income of car manufacturing company.

5. To find out Growth percent of PAT of car manufacturing companies.

6. To analyse Growth percent of Net Worth of car manufacturing companies.

7. To analyse Growth percent of Total Assets of car manufacturing company.

RESEARCH METHODOLOGY
“Research is a careful investigation or the inquiry through search for the facts in
the branch of knowledge. Research methodology refers to the methods, technique
that are used for the activities involved in performing the research operations such
as making observation, recording data etc.”

Problem definition
• Growth of Car Industry in India
Types of research
• Analytical and descriptive

Types of Data

• Secondary Data

Sources of Data

• CMIE Database

Statistical Tools

• Bar Graph
INDIVIDUAL PERFORMANCE
OF
COMPANIES

Performance of Tata Motors


Tata Motors Ltd. Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007

Total income (Rs. 10917.62 15593.64 20712.32 24375.95 32189.1


Cr.)
Sales 10607.73 15208.74 20217.42 23439.41 31000.71

PAT 300.11 810.34 1236.95 1528.88 1913.46

PBT 510.69 1292.89 1652.45 2053.81 2573.18

35000

30000

25000
Total income
20000
Sales
PAT
15000
PBT
10000

5000

0
Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007

Interpretation
In this graph we can see that Total Income, Sales, PBT, PAT is given. By analysing
this graph we can find that there is an increase in total income and total sales of Tata
Motors over a period of 2003-2007.There is a constant increase in Total Income and
sales .But there is fluctuation in PBT and PAT over this period.

Company performance
Growth (%) Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007

Total income 21.175212 42.830031 32.825434 17.688168 32.0527

PAT NA 170.01433 52.645803 23.600792 25.154361

Net worth 4.139453 39.122356 14.611036 34.284172 24.327034

Total assets 2.0689121 22.888959 35.875348 16.917307 20.892225

180

160
140

120
Total income
100 PAT
80 Net worth
Total assets
60

40
20

0
Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007

Interpretation

In this graph we can se that Growth (%) in Total Income, PAT, Net Worth and Total
Assets is given. By analysing this graph we can find that there is a vast increase in
PAT in the year 2004 and there is stability in other things over this period of 2003-
2007.

Performance of Maruti Suzuki


Maruti Suzuki Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
India Ltd.
Total income 9462.8 11476.3 13777.8 15420.9 17917.7

Sales 9203.8 11128.1 13485.9 15125.2 17458

PBT 269.5 793.6 1300.1 1750 2267.3

PAT 146.4 542.1 853.6 1189.1 1562

20000
18000
16000
14000
Total income
12000
Sales
10000
PBT
8000
PAT
6000
4000
2000
0
Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007

Interpretation

In this graph we can se that Total Income, Sales, PBT, PAT is given. By analysing
this graph we can find that there is an increase in total income and total sales of
Maruti over a period of 2003-2007.But there is fluctuation in PBT and PAT over this
period.

Company Performance

Growth (%) Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Total income 0.499161 21.278057 20.054373 11.925707 16.191014

PAT 40.095694 270.28689 57.461723 39.304124 31.359852

Net worth 16.274487 18.795069 22.487342 24.5227 25.699666

Total assets 13.535722 4.9767884 13.6863 17.927042 33.28918

300

250

200
Total income
PAT
150
Net worth
Total assets
100

50

0
Mar Mar Mar Mar Mar
2003 2004 2005 2006 2007

Interpretation

In this graph we can se that Growth (%) in Total Income, PAT, Net Worth and Total
Assets is given. By analysing this graph we can find that there is a vast increase in
PAT in the year 2004 and there is stability in other things over this period of 2003-
2007.Growth in total assets is maximum in 2007.

Performance of Hyundai Motor

Mar 2003 Mar Mar Mar Mar 2007


2004 2005 2006
Hyundai Motor India Ltd.
Total income 4062.22 5905.62 7716.44 8956.28 10459.57
Sales 3993.02 5842.61 7640.05 8898.75 10353.91
PBT 258.78 572.12 611.12 804.88 714.86
PAT 164.75 378.85 406.92 525.1 466.75

12000

10000

8000
Total income
Sales
6000
PBT
PAT
4000

2000

0
Mar Mar Mar Mar Mar
2003 2004 2005 2006 2007

Interpretation

In this graph we can se that Total Income, Sales, PBT, PAT is given. By analysing
this graph we can find that there is an increase in total income and total sales of
Hyundai Motor over a period of 2003-2007.But there is fluctuation in PBT and PAT
over this period.PBT is maximum in 2006

Company performance
Growth (%) Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007

Total income 18.2645 45.379128 30.662657 16.067513 16.784759

PAT -40.005826 129.95448 7.4092649 29.042564 -11.112169

Net worth -10.612534 23.609846 21.232676 34.322056 22.712188

Total assets 0.9942801 36.436997 18.402238 21.840546 56.371998

140

120

100

80

60 Total income
PAT
40
Net worth
20 Total assets
0
Mar 2005

Mar 2006
Mar 2003

Mar 2004

Mar 2007

-20

-40

-60

Interpretation

In this graph we can se that Growth (%) in Total Income, PAT, Net Worth and Total
Assets is given. By analysing this graph we can find that there is a vast increase in
PAT in the year 2004 but PAT has dipped to negative in 2003 and there is stability in
other things over this period of 2003-2007.Growth in total assets is maximum in
2007.

Performance of Mahindra and Mahindra


Mahindra & Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Mahindra Ltd.
Total income 4709.19 6090.87 7874.68 9734.95 11783.37
Sales 4499.71 5888.84 7654.77 9276.49 11238.49
PBT 197.03 430.17 714.17 1099.5 1418.49
PAT 145.53 340.52 512.67 857.1 1068.39

14000

12000

10000
Total income
8000 Sales
6000 PBT
PAT
4000

2000

0
Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007

Interpretation

In this graph we can se that Total Income, Sales, PBT, PAT is given of Mahindra and
Mahindra. By analysing this graph we can find that there is an increase in total
income and total sales over a period of 2003-2007.But there is fluctuation in PBT and
PAT over this period.PBT is maximum in 2007.

Company performance
Growth (%) Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Total income 15.929082 29.340078 29.286621 23.623436 21.041916
PAT 50.170261 133.98612 50.555034 67.183568 24.651733
Net worth 1.7951596 15.57573 11.272144 47.727471 22.415447
Total assets -1.3815145 -1.4224233 24.351415 19.649845 32.136595

100

80

60

40

20 Total income
Net worth
0 Total assets
Jun 2005
Mar 2004
Mar 2003

Mar 2006

Mar 2007
-20

-40

-60

-80

Interpretation

In this graph we can se that Growth (%) in Total Income, PAT Net Worth and Total
Assets is given. By analysing this graph we can find that there is a vast increase in Net
worth in the year 2005 and there is stability in other things over this period of 2003-
2007.Growth in net worth is maximum in 2005.

Company Performance of Hindustan Motor


Hindustan Mar 2003 Mar 2004 Jun 2005 Mar 2006 Mar 2007
Motors Ltd.
Total income 1101.44 888.66 1607.56 568.27 894.33
Sales 1075.97 859.28 1397.64 553.44 806.96
PBT -26.63 -80.85 61.61 -37.04 18.54
PAT -26.74 -80.94 61.2 -43.69 13.3

1800

1600

1400

1200

1000 Total income


Sales
800
PBT
PAT

COMPARITIVE
600

400

200

0
Mar Mar Jun 2005 Mar Mar
-200 2003 2004 2006 2007

Interpretation

In this graph we can se that Total Income, Sales, PBT, PAT is given of Hindustan
Motor. By analysing this graph we can find that there is an increase in total income
and total sales over a period of 2003-2007.There is an increase in total income and
sales in 2005.But there is fluctuation in PBT and PAT.PBT ant PAT was negative in
the year 2003,2004 and 2006 .

Company Performance
Growth (%) Mar 2003 Mar 2004 Jun 2005 Mar 2006 Mar 2007
Total income -11.005535 -19.318347 34.405561 -50.608936 18.033241

PAT NA NA NA NA NA

Net worth -14.160896 -57.483224 76.218852 -42.286344 20.379897

Total assets 9.941695 -21.561355 -20.566763 -12.449787 9.5323053

100

80

60

40

20 Total income
Net worth
0 Total assets
Jun 2005
Mar 2003

Mar 2004

Mar 2006

Mar 2007

-20

-40

-60

-80

Interpretation

In this graph Growth (%) Total income, Net Worth and Total Assets is given
We can clearly see that Net Worth was maximum in the year 2005 and in the year
2003, 2004, 2006 it is negative. Year 2007 was much better for Hindustan Motors.
COMPARITIVE
ANALYSIS
OF
MAJOR PLAYERS
IN
CAR INDUSTRY

Comparative Analysis of Total Income


Total Income(Rs. Crore)

Years Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Tata Motors Ltd. 10917.62 15593.64 20712.32 24375.95 32189.1
Maruti Suzuki India Ltd. 9462.8 11476.3 13777.8 15420.9 17917.7
Hyundai Motor India Ltd. 4062.22 5905.62 7716.44 8956.28 10459.57
Mahindra & Mahindra Ltd. 4709.19 6090.87 7874.68 9734.95 11783.37
Hindustan Motors Ltd. 1101.44 888.66 1607.56 568.27 894.33

T otal Income

35000
30000 Tata Motors Ltd.
25000 Maruti Suzuki India Ltd.

20000 Hyundai Motor India Ltd.


Mahindra & Mahindra Ltd.
15000
Hindustan Motors Ltd.
10000

5000
0
Ma r 2003 Ma r 2004 Ma r 2005 Ma r 2006 Ma r 2007

Interpretation

This graph shows the comparative analysis of the total income of Tata Motors, Maruti
Suzuki Ind ltd, Hyundai Motor India Ltd, Mahindra and Mahindra Ltd and Hindustan
Motor Ltd over a period 2003-2007.Over this period there has been a consistent
growth in the income of Tata Motors, Maruti Suzuki Ltd, Hyundai Motor Ltd and
Mahindra and Mahindra Ltd while Hindustan Motor has a trend of alternative Growth
in total income as having fall in total income 2003, 2004 and 2006 over the preceding
year. In 2004 all companies got the highest growth except Hindustan Motors

Comparative Analysis of Total Sales


Total Sales
Years Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Tata Motors Ltd. 10607.73 15208.74 20217.42 23439.41 31000.71
Maruti Suzuki India Ltd. 9203.8 11128.1 13485.9 15125.2 17458
Hyundai Motor India Ltd. 3993.02 5842.61 7640.05 8898.75 10353.91
Mahindra & Mahindra Ltd. 4499.71 5888.84 7654.77 9276.49 11238.49
Hindustan Motors Ltd. 1075.97 859.28 1397.64 553.44 806.96

T o tal S ales

35000
30000

25000 Tata M otors Ltd.


M aruti S uz uk i India Ltd.
20000
Hy undai M otor India Ltd.
15000
M ahindra & M ahindra Ltd.
10000 Hindus tan M otors Ltd.
5000
0
M a r 2003 M a r 2004 M a r 2005 M a r 2006 M a r 2007

Interpretation

This graph the comparative analysis of total Sales of Tata motors, Maruti Suzuki,
Hyundai motors, Mahindra and Mahindra and Hindustan motors over a period of
2003-2007.It shows a consistent growth in the total sales of the given companies
except Hindustan motors over a given period. Hindustan motors got cutting down in
sales in 2004 and 2006.2004 is the golden year in comparison of other years a it got
the maximum growth in total sales of all companies except Hindustan motors.

Comparative Analysis of PBT


PBT(Rs Crore)
Years Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Tata Motors Ltd. 510.69 1292.89 1652.45 2053.81 2573.18
PAT(Rs Crore)
Maruti Suzuki India Ltd. 269.5 793.6 1300.1 1750 2267.3
Years
Hyundai Motor India Ltd. Mar 2003
258.78 Mar 2004
572.12 Mar 2005
611.12 Mar 2006
804.88 Mar 2007
714.86
Tata Motors
Mahindra Ltd.
& Mahindra Ltd. 300.11
197.03 810.34
430.17 1236.95
714.17 1528.88
1099.5 1913.46
1418.49
Maruti Suzuki
Hindustan IndiaLtd.
Motors Ltd. 146.4
-26.63 542.1
-80.85 853.6
61.61 1189.1
-37.04 1562
18.54
Hyundai Motor India Ltd. 164.75 378.85 406.92 525.1 466.75
Mahindra & Mahindra Ltd. 145.53 340.52 512.67 857.1 1068.39
Hindustan Motors Ltd. -26.74 -80.94 61.2 -43.69 13.3

PBT

3000

2500

2000 Tata M otors Ltd.

1500 M aruti S uz uk i India Ltd.


Hy undai M otor India Ltd.
1000 M ahindra & M ahindra Ltd.

500 Hindus tan M otors Ltd.

0
M ar 2003 M ar 2004 M ar 2005 M ar 2006 M ar 2007
-500

Interpretation

This graph shows the comparative analysis of PBT of the given automobile
companies during the period 2003-2007.In this period Tata Motors has a consistent
Growth and attained the max growth in 2004 and Maruti and Mahindra have also
the same growth record. In the same period Hyundai Motor recorded the growth in
consecutive four year and in 2007 its PBT growth dipped down over preceding year
its maximum growth was in 2004.In 2003 & 2004, PBT growth rate of Hindustan
motor was negative and from the next year it was on alternate pattern by the
observation it can be concluded that 2004 is the best year according to performance of
listed companies.

Comparative Analysis of PAT


PAT

2500

2000

1500 Ta ta M o to rs L td .
M a ru t i S u z u k i In d ia L td .
1000 H y u n d a i M o t o r In d ia L td .
M a h in d ra & M a h in d ra L td .
500 H in d u s ta n M o to rs L td .

0
M ar 2003 M ar 2004 M ar 2005 M ar 2006 M ar 2007
-5 0 0

Interpretation

This graph shows the comparative analysis of PAT of five car companies during the
period 2003-2007.In this given period PAT growth of Tata Motors, Maruti and
Mahindra and Hyundai has been positive over the preceding years. Each of these
companies get the maximum growth in 2004.Hyundai Motors has been positive in
PAT growth since 2003 to 2006 while in 2007 its growth was negative and in 2004 it
got the maximum growth. In 2003 and 2004 the growth of Hindustan motor was
negative while in the next year it got the maximum growth and in the next two year its
growth was negative and positive, on the basis of comparison we can say that 2004
was the golden year.
Comparative Analysis of Growth (%) in Total Income
Growth (%) in Total Income

Years Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Tata Motors Ltd. 21.175212 42.830031 32.825434 17.688168 32.052699
Maruti Suzuki India Ltd. 0.499161 21.278057 20.054373 11.925707 16.191013
Hyundai Motor India Ltd. 18.2645 45.379128 30.662657 16.067513 16.784759
Mahindra & Mahindra Ltd. 15.929082 29.340078 29.286621 23.623436 21.041916
Hindustan Motors Ltd. -11.005535 -19.318347 34.405561 -50.608936 18.033241

Gro w th (% ) in T o tal In co m e

60

40

20 Tata M otors Ltd.


M aruti S uzuki India Ltd.
0 Hy undai M otor India Ltd.
M ahindra & M ahindra Ltd.
Mar 2004

Mar 2005

Mar 2006

Mar 2007
Mar 2003

-20 Hindus tan M otors Ltd.

-40

-60

Interpretation

This graph shows the comparative analysis of Growth(%) in total income of five car
companies during the period 2003-2007 .In this given period growth in Total income
of Tata Motors, Maruti and Mahindra and Hyundai has been positive over the
preceding years. Each of these companies get the maximum growth in 2004.Growth
(%) in total income of Tata Motors was stable except in year 2006.In the year 2003,
2004, 2006 shows a negative growth. On the basis of this analysis 2005 was a golden
year.

Comparative Analysis of Growth (%) in PAT

Growth (%) in PAT


Years Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Tata Motors Ltd. NA 170.01433 52.645803 23.600792 25.154361
Maruti Suzuki India Ltd. 40.095694 270.28689 57.461723 39.304124 31.359852
Hyundai Motor India Ltd. -40.005826 129.95448 7.4092649 29.042564 -11.112169
Mahindra & Mahindra Ltd. 50.170261 133.98612 50.555033 67.183568 24.651733
Hindustan Motors Ltd. NA NA NA NA NA

Grow th (% ) in PAT

300

250

200
Tata M otors Ltd.
150
M aruti S uz uk i India Ltd.
100 Hy undai M otor India Ltd.

50 M ahindra & M ahindra Ltd.


Hindus tan M otors Ltd.
0
Mar 2003

Mar 2004

Mar 2005

Mar 2006

Mar 2007

-50

-100

Interpretation

This graph shows the comparative analysis of Growth (%) in PAT of five car
companies during the period 2003-2007.Maruti has a maximum growth of 270.28 as
compared to Tata Motors of 170.01.Hyundai Motor had experienced a negative
growth in the year 2003 but it improved a lot in2004 and went to 129.95 in the year
2004 and again fall to negative in2007.All over 2004 was a golden period for all
companies.
Comparative Analysis of Growth (%) in Net Worth
Growth (%) in Net Worth
Years Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Tata Motors Ltd. 4.139453 39.122356 14.611036 34.284172 24.327034
Maruti Suzuki India Ltd. 16.274487 18.795069 22.487342 24.5227 25.699666
Hyundai Motor India Ltd. -10.612534 23.609846 21.232676 34.322056 22.712188
Mahindra & Mahindra Ltd. 1.7951596 15.57573 11.272144 47.727471 22.415447
Hindustan Motors Ltd. -14.160896 -57.483224 76.218852 -42.286344 20.379897

G ro w th (% ) in N e t W o rth

100
80
60
40 Tata M otors Ltd.
M aruti S uz uk i India Ltd.
20
Hy undai M otor India Ltd.
0
M ahindra & M ahindra Ltd.
-20
Mar 2003

Mar 2004

Mar 2005

Mar 2006

Mar 2007

Hindus tan M otors Ltd.


-40
-60
-80

Interpretation

This graph shows the comparative analysis in Net Worth of five car companies during
the period 2003-2007.Tata Motor, Maruti and Mahindra & Mahindra shows a
consistent growth rate during the year. Tata motor attained the maximum growth of
32.12% in 2004, Maruti attained the max growth of 25.69% in2007 and Mahindra
attainted the maximum growth 47.72% in 2006.During the year Hyundai Motor has
been consistent in growth accept 2003 where the growth was negative its maximum
growth was 34.22% in 2006.Hindustan Motor’s growth was negative in 2003,2004
and in 2006 and in 2005 and in 2007 it was positive.
Comparative Analysis of Growth (%) in Total Assets

Growth (%) in Total Assets


Years Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Tata Motors Ltd. 2.068912 22.888959 35.875348 16.917307 20.892225
Maruti Suzuki India Ltd. 13.535722 4.9767884 13.6863 17.927042 33.28918
Hyundai Motor India Ltd. 0.99428 36.436997 18.402238 21.840546 56.371998
Mahindra & Mahindra Ltd. -1.3815145 -1.4224233 24.351415 19.649845 32.136595
Hindustan Motors Ltd. 9.9416949 -21.561355 -20.566763 -12.449787 9.5323053

Gro w th (% ) in T o ta l Asse ts

70
60
50
40 Tata M otors Ltd.
30 M aruti S uz uki India Ltd.
20 Hyundai M otor India Ltd.
10 M ahindra & M ahindra Ltd.
0 Hindus tan M otors Ltd.
-10
Mar 2003

Mar 2004

Mar 2005

Mar 2006

Mar 2007

-20
-30

Interpretation

This graph shows the comparative analysis of growth (%) in total assets of five
companies during the period 2003-2007.Tata Motors, Maruti Suzuki. Hyundai Motor
has been consistent in growth during the period Tata Motor has got the maximum
growth at 35.87% in 2005, Maruti Suzuki has got the maximum growth of 33.28% in
2007 and Hyundai Motor achieved the maximum of 56.37% in 2007.The growth of
Mahindra and Mahindra was negative in2003 % 2004 and it was maximum in 2007 as
it was 32.13%.The growth of Hindustan Motors was negative in 2004, 2005 and 2006
while it was maximum 9.94 in 2003.
FINDINGS

1. Performance of total income

On the basis of performance of total income Tata Motors, Maruti Suzuki Ind ltd,
Hyundai Motor India Ltd, Mahindra and Mahindra Ltd and Hindustan Motor Ltd over
a period 2003-2007.Over this period there has been a consistent growth in the income
of Tata Motors, Maruti Suzuki Ltd, Hyundai Motor Ltd and Mahindra and Mahindra
Ltd while Hindustan Motor has a trend of alternative Growth in total income as
having fall in total income 2003, 2004 and 2006 over the preceding year. In 2004 all
companies got the highest growth except Hindustan Motors.

2. Performance of total sales


On the basis of performance in total sales Tata motors, Maruti Suzuki, Hyundai
motors, Mahindra and Mahindra and Hindustan motors over a period of 2003-2007.It
shows a consistent growth in the total sales of the given companies except Hindustan
motors over a given period. Hindustan motors got cutting down in sales in 2004 and
2006.2004 is the golden year in comparison of other years an it got the maximum
growth in total sales of all companies except Hindustan motors.

3. Performance of PAT
On the basis of performance of PAT of five car companies during the period 2003-
2007.In this given period PAT growth of Tata Motors, Maruti and Mahindra has been
positive over the preceding years. Each of these companies get the maximum growth in
2004.Hyundai Motors has been positive in PAT growth since 2003 to 2006 while in
2007 its growth was negative and in 2004 it got the maximum growth. In 2003 and
2004 the growth of Hindustan motor was negative while in the next year it got the
maximum growth and in the next two year its growth was negative and positive, on the
basis of comparison we can say that 2004 was the golden year
4. Performance of PBT

On the basis of PAT of five car companies during the period 2003-2007.In this given
period PAT growth of Tata Motors, Maruti and Mahindra has been positive over the
preceding years. Each of these companies get the maximum growth in 2004.Hyundai
Motors has been positive in PAT growth since 2003 to 2006 while in 2007 its growth
was negative and in 2004 it got the maximum growth. In 2003 and 2004 the growth of
Hindustan motor was negative while in the next year it got the maximum growth and
in the next two year its growth was negative and positive, on the basis of comparison
we can say that 2004 was the golden year.

5. Growth (%) in Total Income


Over this period there has been a consistent growth in the income of Tata Motors,
Maruti Suzuki Ltd, Hyundai Motor Ltd and Mahindra and Mahindra Ltd while
Hindustan Motor has a trend of alternative Growth in total income as having fall in
total income 2003, 2004 and 2006 over the preceding year. In 2004 all companies got
the highest growth except Hindustan Motors.

6. Growth (%) in PAT


Each of these companies get the maximum growth in 2004.Hyundai Motors has been
positive in PAT growth since 2003 to 2006 while in 2007 its growth was negative and
in 2004 it got the maximum growth. In 2003 and 2004 the growth of Hindustan motor
was negative while in the next year it got the maximum growth and in the next two
year its growth was negative and positive, on the basis of comparison we can say that
2004 was the golden year

7. Growth (%) in Net Worth


Net Worth of five car companies during the period 2003-2007.Tata Motor, Maruti and
Mahindra & Mahindra shows a consistent growth rate during the year. Tata motor
attained the maximum growth of 32.12% in 2004, Maruti attained the max growth of
25.69% in2007 and Mahindra attainted the maximum growth 47.72% in 2006.During
the year Hyundai Motor has been consistent in growth accept 2003 where the growth
was negative its maximum growth was 34.22% in 2006.Hindustan Motor’s growth
was negative in 2003, 2004 and in 2006 and in 2005 and in 2007 it was positive.

8. Growth (%) in Total Assets


Growth (%) in total assets of five companies during the period 2003-2007.Tata
Motors, Maruti Suzuki. Hyundai Motor has been consistent in growth during the
period Tata Motor has got the maximum growth at 35.87% in 2005, Maruti Suzuki
has got the maximum growth of 33.28% in 2007 and Hyundai Motor achieved the
maximum of 56.37% in 2007.The growth of Mahindra and Mahindra was negative
in2003 % 2004 and it was maximum in 2007 as it was 32.13%.The growth of
Hindustan Motors was negative in 2004, 2005 and 2006 while it was maximum 9.94
in 2003.
CONCLUSION

Thus to conclude that there are many car companies in car industry but some main
players are –

MARUTI
HYUNDAI
MAHINDRA & MAHINDRA
TATA MOTORS
HINDUSTAN MOTORS

In above companies Maruti overall capture the maximum percentage of market share
and customer loyalty towards their product line.

Introduction of new products like Swift and Tata Nano is going to reach height which
can be beneficial for their companies in long run.

Hyundai is the second leader as per customer loyalty and market capturing.

Some point which a customer want to see while purchasing the product are as
follows:-

 Mileage
 Comfort
 Power
 Cost
 Look

 Low maintenance etc.


SUGGESTIONS
SUGGESTIONS

1. Engine power and interior modification should be done by Maruti Ltd. as


many customers were not satisfied.

2. Maruti should focus on power segment.

3. All companies should try to cut down their prices to reach the lower income
group.

4. Maintenance cost should be brought down to the minimum.

5. Company should provide extra safety facilities without charging any extra
cost.

6. Companies like Hindustan Motors should try to improve their sales


as they are not earning as much in last few years.
LIMITATION

Though this study providing better knowledge about this field but still it
have some limitation

 Due to short time span, study could not be so deep.


 Due to data collected much earlier of submission of report, the

most current data could not be well presented.


BIBLIOGRAPHY

 CMIE –Center for Monitoring Indian


Economy
• IAS
• PROWESS

 www.tatamotors.com

 www.hindustanmotor.com

• Principles of Statistics- Ramendu Roy


• Statistical Methods- S P Gupta
ANNEXURE

Financials at a Glance of Tata Motors

Tata Motors Ltd. Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Rs Crore
Total income 10917.62 15593.64 20712.32 24375.95 32189.1
Sales 10607.73 15208.74 20217.42 23439.41 31000.71
Income from financial services 150.34 281.02 389.22 800.12 980.12

Total expenses 10737.25 14641.32 19619.37 23103.98 30625.32


Raw material expenses 5538.92 8110.14 11593.39 13634.28 18420.36
Power, fuel & water charges 193.51 214.52 237.81 258.51 327.41
Compensation to employees 720.37 887.05 1043.52 1147.17 1368.09
Indirect taxes 1768.42 2292.46 3092.23 3413.71 4457.95
Selling & distribution expenses 538.4 507.2 648.53 833.32 1153.58
Other operational exp. of indl. enterprises 0 0 0 0 0
Other oper. exp. of non-fin. service
enterprises 0 0 0 0 0

PBDITA 1097.63 1770.65 2155.71 2707.99 3362.32


PBDTA 872.82 1675.49 2076.01 2576.49 3148.1
PBT 510.69 1292.89 1652.45 2053.81 2573.18
PAT 300.11 810.34 1236.95 1528.88 1913.46

Net worth 2597.16 3593.6 4111.39 5537.07 6869.75


Paid up equity capital (net of forfeited
capital) 319.78 352.95 361.74 382.82 385.36
Reserves & surplus 2277.33 3236.77 3749.6 5154.2 6484.34

Total borrowings 1458.31 1259.77 2495.42 2936.84 4009.14


Current liabilities & provisions 3585.36 4689.99 6574.41 6944.9 7732.67

Total assets 8294.13 10192.57 13849.19 16192.1 19574.99


Gross fixed assets 6081.14 6248.62 7106.44 8883.21 11151.16
Net fixed assets 3368.07 3247.8 3696.51 4521.23 6394.58
Investments 1271.8 3081.44 2912.06 2015.15 2477
Current assets 2923.51 2962.41 4910.17 4874.66 5357.61
Loans & advances 152.69 743.67 2209.6 4616.19 5159.11

Growth (%)
Total income 21.1752118 42.8300307 32.825434 17.6881682 32.0526995
Total expenses 19.1111412 36.3600549 34.0000082 17.7610698 32.5543045
PBDITA 39.3957481 61.3157439 21.7468161 25.6194015 24.16294
PAT Error 170.014328 52.645803 23.6007923 25.1543614
Net worth 4.139453 39.122356 14.611036 34.2841717 24.3270336

Financials at a Glance of Maruti Suzuki


Maruti Suzuki India Ltd. Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
-Rs Crore
Total income 9462.8 11476.3 13777.8 15420.9 17917.7
Sales 9203.8 11128.1 13485.9 15125.2 17458
Income from financial services 138.7 151.8 155.4 188.9 302.6

Total expenses 9214.4 10937.4 13065.9 14467.8 16112.6


Raw material expenses 5660 6686.5 8241.5 8967.5 10247.1
Power, fuel & water charges 78.1 95.8 58.1 79.4 133.6
Compensation to employees 238.1 345.3 195.8 228.7 288.4
Indirect taxes 1810.8 1943.8 2413.2 2737.5 2510.1
Selling & distribution expenses 607.8 406 337.2 356 499.9
Other operational exp. of indl. enterprises 6.7 4.3 0 0 0
Other oper. exp. of non-fin. service
enterprises 0 0 0 209.2 77.2

PBDITA 657.8 1379.7 1808.8 2055.8 2576.3


PBDTA 605.7 1336.3 1772.8 2035.4 2538.7
PBT 269.5 793.6 1300.1 1750 2267.3
PAT 146.4 542.1 853.6 1189.1 1562

Net worth 3098 3591.2 4378.8 5452.6 6853.9


Paid up equity capital (net of forfeited
capital) 144.5 144.5 144.5 144.5 144.5
Reserves & surplus 2953.5 3446.7 4234.3 5308.1 6709.4

Total borrowings 641.7 427.2 406.1 166.3 723.6


Current liabilities & provisions 1292.9 1416.5 1509.5 1882.5 2408.7

Total assets 5471.4 5743.7 6529.8 7700.4 10263.8


Gross fixed assets 4523.1 4641.6 5095.2 5046.6 6385.7
Net fixed assets 2265 1905.7 1915.8 1787.2 2898.6
Investments 103.2 1677.3 1516.6 2051.2 3409.2
Current assets 2716.7 1941.8 2907.6 3513.3 3758.5
Loans & advances 66.1 77.1 64.4 227.6 87.4

Growth (%)
Total income 0.49916098 21.2780572 20.0543729 11.9257066 16.1910135
-
Total expenses 2.52612872 18.6989929 19.4607494 10.7294561 11.3686946
PBDITA 14.8995633 109.744603 31.100964 13.6554622 25.3186108
PAT 40.0956938 270.286885 57.4617229 39.3041237 31.359852
Net worth 16.2744871 18.7950686 22.4873423 24.5227003 25.6996662
Total assets 13.5357224 4.97678839 13.6862998 17.9270422 33.2891798
Financials at a Glance of Hyundai Motor

Hyundai Motor India Ltd. Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Rs Crore
Total income 4062.22 5905.62 7716.44 8956.28 10459.57
Sales 3993.02 5842.61 7640.05 8898.75 10353.91
Income from financial services 47.71 51.16 16.72 40.24 63.36

Total expenses 3893.87 5560.73 7407.29 8494.17 10245.04


Raw material expenses 2151.67 3446.94 4819.65 5492.81 6868.66
Power, fuel & water charges 36.75 42.89 56.53 63.86 68.08
Compensation to employees 89.18 107.09 136.11 163.71 190.28
Indirect taxes 879.63 915.46 1048.9 1122.45 1163.66
Selling & distribution expenses 191.23 199.8 253.11 255.84 360.4
Other operational exp. of indl. enterprises 0 0 20.67 0 0
Other oper. exp. of non-fin. service
enterprises 0 0 0 0 0

PBDITA 439.04 760.38 870.39 1102.07 1086.92


PBDTA 426.8 750.67 861.19 1099.89 1073.86
PBT 258.78 572.12 611.12 804.88 714.86
PAT 164.75 378.85 406.92 525.1 466.75

Net worth 1020.93 1261.97 1529.92 2055.02 2521.76


Paid up equity capital (net of forfeited
capital) 812.54 812.54 812.54 812.54 812.54
Reserves & surplus 208.39 449.43 717.38 1242.48 1709.22

Total borrowings 571.54 596.33 418.09 521.95 1889.67


Current liabilities & provisions 454.24 983.55 1394.42 1586.62 2248.72

Total assets 2219.42 3028.11 3585.35 4368.41 6830.97


Gross fixed assets 1926.18 2548.85 2773.93 3274.78 5279.94
Net fixed assets 1263.63 1709.85 1694.91 1903.37 3558.03
Investments 11.9 11.73 0 0 19.5
Current assets 922.3 1263.48 1875.61 2446.85 3240.3
Loans & advances 0.06 0.01 0 0 0

Growth (%)
Total income 18.2644999 45.3791277 30.6626569 16.067513 16.7847589
Total expenses 21.5448005 42.8072843 33.2071509 14.6731126 20.6126084
- -
PBDITA 16.2728608 73.1915087 14.4677661 26.6179529 1.37468582
- -
PAT 40.0058264 129.954476 7.40926488 29.0425636 11.1121691
-
Net worth 10.6125344 23.6098459 21.2326759 34.3220561 22.7121877
Total assets 0.99428005 36.4369971 18.4022377 21.8405456 56.371998
Financials at a Glance of Mahindra & Mahindra

Mahindra & Mahindra Ltd. Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths
-Rs Crore
Total income 4709.19 6090.87 7874.68 9734.95 11783.37
Sales 4499.71 5888.84 7654.77 9276.49 11238.49
Income from financial services 172.5 119.75 124.83 292.49 368.63

Total expenses 4530.36 5759.36 7524.05 8976.97 10719.7


Raw material expenses 2285.89 3143.19 4422.39 5415.27 6455.3
Power, fuel & water charges 44.01 45.64 52.64 57.46 65.19
Compensation to employees 385.19 427.84 469.51 558.76 702.42
Indirect taxes 801.75 974.56 1073.57 1161.18 1332.77
Selling & distribution expenses 195.39 288.81 369.72 458.31 635.12
Other operational exp. of indl. enterprises 3.07 1.83 0.01 0.58 0.11
Other oper. Exp. of non-fin. service
enterprises 0 0 0 0 0

PBDITA 488.43 673.65 910.32 1326.75 1648.21


PBDTA 370.06 596.39 880.08 1299.79 1628.41
PBT 197.03 430.17 714.17 1099.5 1418.49
PAT 145.53 340.52 512.67 857.1 1068.39

Net worth 1569.83 1775.04 1986.53 2908.86 3552.9


Paid up equity capital (net of forfeited
capital) 116.01 116.01 111.65 233.4 238.03
Reserves & surplus 1453.82 1659.03 1874.88 2675.46 3314.87

Total borrowings 1139.83 729.78 1052.6 883.36 1635.98


Current liabilities & provisions 1089.01 1241.11 1679.61 1980.73 2613.42

Total assets 4036.07 3978.66 4947.52 5919.7 7822.09


Gross fixed assets 2490.97 2561.25 2810.58 3064.85 3510.43
Net fixed assets 1467.93 1393.59 1475.01 1554.59 1871.31
Investments 856.48 1048.09 1151.53 1682.87 2200.94
Current assets 1497.42 1412.51 2185.49 2540.04 3442.07
Loans & advances 114.22 85.34 72.08 124.15 290.21

Growth (%)
Total income 15.9290815 29.3400776 29.2866208 23.6234361 21.041916
Total expenses 15.9994879 27.128087 30.6403837 19.3103448 19.4133433
PBDITA 26.683958 37.9215036 35.1324872 45.7454521 24.2291313
PAT 50.1702611 133.98612 50.5550335 67.1835684 24.6517326
Net worth 1.79515959 15.5757296 11.2721435 47.7274711 22.4154468
-
Total assets 1.38151449 -1.4224233 24.3514148 19.6498448 32.1365948
Financials at a Glance of Hindustan Motors

Hindustan Motors Ltd. Mar 2003 Mar 2004 Jun 2005 Mar 2006 Mar 2007
Rs. Crore 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total income 1101.44 888.66 1607.56 568.27 894.33
Sales 1075.97 859.28 1397.64 553.44 806.96
Income from financial services 1.28 2.47 48.6 2.39 1.87

Total expenses 1151.82 951.58 1528.57 610.93 887.18


Raw material expenses 449.36 367.17 691.47 309.33 429.47
Power, fuel & water charges 23.07 23.13 29.62 12.61 16.15
Compensation to employees 115.62 114.18 136.33 51.32 69.2
Indirect taxes 281.61 196.31 305.39 127.8 187.16
Selling & distribution expenses 40.19 38 36.99 20.07 31.03
Other operational exp. of indl. enterprises 0 0 0 0 0
Other oper. Exp. of non-fin. service
enterprises 0 0 0 0 0

PBDITA 72.21 15.7 163.33 -5.18 60.66


PBDTA 17.35 -39.65 114.99 -14.02 43.92
PBT -26.63 -80.85 61.61 -37.04 18.54
PAT -26.74 -80.94 61.2 -43.69 13.3

Net worth 154.81 73.86 135.02 91.24 103.39


Paid up equity capital (net of forfeited
capital) 161.18 161.18 161.17 161.17 161.17
Reserves & surplus -6.45 -87.4 -26.24 -70.02 -57.87

Total borrowings 374.44 362.47 164.3 159.51 187.51


Current liabilities & provisions 275.4 257.35 208.37 220.07 224.8

Total assets 884.36 693.68 520.19 470.82 515.7


Gross fixed assets 746.17 751.82 470.96 480.3 490.48
Net fixed assets 351.06 320.69 205.41 200.03 188.85
Investments 5.38 1.5 70.56 70.24 70.61
Current assets 416.87 325.82 236.39 197.52 251.2
Loans & advances 0.13 0.11 0.47 0.68 4.84

Growth (%)
- - -
Total income 11.0055347 19.3183469 34.4055607 50.6089358 18.0332412
- -
Total expenses 8.20395932 17.3846608 22.2204872 -41.82454 8.91345981
PBDITA -0.083022 -78.257859 444.759782 Error Error
PAT Error Error Error Error Error
- -
Net worth 14.1608957 -57.483224 76.2188524 42.2863438 20.3798971
- -
Total assets 9.94169495 21.5613551 -20.566763 12.4497874 9.53230534

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