The Automotive industry continues to be the most exciting and challenging of the industries. The OEM’s as well as dealers in the industry are facing the effects of over capacity, shrinking demand in developed economies such as North America, Europe and Japan; maturing growth in China and uncertain business climate in India, and other BRIC countries. Furthermore, radical changes in emission regulations across the globe and escalating fuel costs are also affecting the firms in the sector.
As a result, the global Automotive, Off-Highway and allied industries are in the course of major transformation. The industry is now focused on technological advancements such as connected cars, and new market opportunities. First stage of transformation is to sell products across the developing markets which offer tremendous opportunity for these OEM’s. Additionally, these markets also provide an opportunity for these OEM’s to source components at attractive prices. Some of the global firms are also looking at setting full fledged production plants in this region, due to large pool of talented workforce which is available at competitive prices.
The second stage of transformation is occurring in developed markets where, the emphasis is on innovation and alternate fuel technology. Rising costs in developed markets where currently 80% of the automotive production takes place has been moving towards assembly manufacturing and contract manufacturing.
GrowthPraxis works with Automotive OEM’s, Off-Highway machinery manufacturers, Dealers & Ancillary firms by addressing key industry concerns. Key areas where we have worked in the sector are highlighted below
- Market Entry and Growth Strategy
- Go to Market Strategy
- Operations Effectiveness
- R&D and Plant Location Selection
- Business Plan Development
- Dealer Network Design and Set up
- Sales Force Effectiveness
Client Success Stories
Improving market share for a construction machinery manufacturer
A leading Indian construction machinery manufacturer wanted to improve its market share and brand image Read More>>
Rapid growth in business resulted in increased operational cost. We helped our client cut cost and improve profitability Read More>>>
CIS market entry for a leading fuel injectors & pump manufacturer
In order to grow its global share of revenues, our client wanted to identify attractive markets in the CIS region for entry Read More>>
Due diligence support for a VC planning to invest in a bearing manufacturer
Our client wanted to gauge the potential opportunity and an estimate of the target’s potential cash flows based on market dynamics Read More>>