The Indian automotive industry is set to further improve its performance in FY2018-19, compared to FY18. The industry forecasts the sales growth of passenger vehicles in FY19 at 8-10 per cent, with utility vehicles growing at 14-15 per cent and cars up between 8-9 per cent in the domestic market. While, the two-wheeler industry is slated to deliver a better performance at 11-13 per cent, with motorcycles up by 9-11 per cent and scooters growing higher between 13-16 per cent. Commercial vehicles, on the other hand, are pitted to continue their growth momentum in double-digits at 10-12 per cent, with M&HCVs up by 9-11 per cent and light commercial vehicles growing at 10-12 per cent

A revival of the economy post-demonetization and implementation of GST is putting the country back on track. For instance, the GDP and the economic reform programmes of the government are indicating positive signs of recovery. The GDP is marked to pan out at 7.6 per cent during 2018, according to SIAM, giving a leg up to the industry and manufacturing activities. Moreover, a strong cyclical recovery in the global economy with the world growth projected at 3.7 per cent in 2018, bank recapitalization, rural revival, and reforms such as Insolvency and Bankruptcy Code by the government will also give a fillip to the auto sector. While the overall investment outlook is expected to improve, a full-fledged private sector investment recovery is likely to be delayed

Panel Discussion
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At the ETAuto CEO Outlook FY18-19, experts from across different segments of the automobile industry will discuss the growth opportunities and challenges lying ahead in the fiscal year 2019.