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Automobile (Four Wheeler)

Subject: - Statistics H.L. Institute of Commerce

Section: - 2nd
Group: - 201-210

Automobile (Four Wheeler)


Subject: - Statistics H.L. Institute of Commerce Section: - 2nd
Group: - 201-210

Name Siddhartha Mistry Nisarg Modh Sejal Modhwadia Aesha Modi Darshil Modi Deep Modi Naiya Modi Nilesh Modi Surbhi Modi Darshil Mody

Roll No. 201 202 203 204 205 206 207 208 209 210

Acknowledgement
We owe a great many thanks to a great many people who helped and supported me during the Making of this Project.

Our deepest thanks to Mr.Dinesh Barot, the Guide of the project for guiding and correcting various documents of mine with attention and care. He has taken pain to go through the project and make necessary correction as and when needed. We would also thank our Institution and our faculty members without whom this project would have been a distant reality. We also extend our heartfelt thanks to our family and well wishers. And Last but not the least to Mr. Bill Gates for making Microsoft Office starting from word to excel and spelling checks and Find and replace, without which this project report would have taken days to complete.

Thanking You, Group: 201-210.

Index:
Sr. No. Particulars Page No.

1.

Introduction

2.

Scope of the sector in India

Automobile Industrys Contribution to Emplyment Generation and Indias GDP

4.

Growth of the Sector in India

Acknowledgement

Major Player in Sector

Market Share

Maruti Suzuki India Limited

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TATA Motors

11

10

Ashok Leyland

12

11

Mahindra& Mahindra

13

12

Analysis Of Sales

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13

Analysis of Profit

15

14

Correlation Regression

16

15

Conclusion

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Introduction:Only three decades back, Indian car buyers had just two models to choose from. Both were local reproductions of European models that had disappeared from the western markets soon after World War II. Irrespective of market demand, manufacturing capacity was restricted through government licenses, and buyers had to wait several months after paying cash up front to get delivery. Imports were discouraged through very high duties, which remain high even now, and foreign-made cars were prized possessions of only the most affluent. The early 1900s saw many automobile manufacturing companies coming into existence in a number of European countries and the United States. The first mass produced automobile in the United States was the curved-dash Oldsmobile. It was a three-horsepower machine and sold 5,000 units by 1904. The economics of the US car market was disrupted by the arrival of Henry Ford and his Model T car. The Model T was the world's first mass produced vehiclea million units were sold by 1920- a space of 10 years. The introduction of a tiny hatchback in 1983 by Maruti Suzuki, jointly promoted by the Indian government and Japanese small car manufacturer Suzuki, was in many ways a defining moment in the development of the Indian automobile industry. Though very small, the Maruti 800, as it was called, was modern and much more reliable than its competitors. After a relatively slow start, the car endeared itself to the growing Indian middle class and remained the best seller for the next two decades. Until recently, it was the most inexpensively produced car in the world, and today remains popular in the semi-urban and rural markets of India. More significantly, Maruti Suzuki introduced more efficient manufacturing practices and developed a number of local component suppliers. This industrial eco-system with vastly improved capabilities eased the entry of several foreign car manufacturers, after industrial licensing was abandoned in the 1990s. The growth of component suppliers also enabled select domestic automobile firms, with no prior experience in car manufacturing, to add passenger vehicles to their product range. Though several foreign manufacturers have struggled to expand their foothold, the growing purchasing power of the middle class continues to attract new entrants to the Indian passenger car markers.

Scope of the sector in India:-

The Indian automobile industry is going through a phase of rapid change and high growth. With new projects coming up on a regular basis, the industry is undergoing technological change. The major players are expanding their plants and focusing on mass customization, mass production, etc. Indian car industry has undergone tremendous change in recent times in terms of innovative designs, concepts and technology. The efforts of the car manufacturers in India also started reflecting in the sales figures. In 2009, the festive season brought cheers in the car market for major players like Honda Siel Cars India (HSCI), General Motors India (GMI) and Hyundai India boosting their sales records. The trend is still ticking in the same spirit and the year 2010 is also expected to yield good results for the automobile industry in India with touching 10 to 12% growth. Early 2000 however saw globalization of Indian auto industry. Several policy changes were introduced with focus on boosting the auto exports. A Core Group on Automotive Research and Development (CAR) was established in 2003 for encouraging R&D activities. Foreign manufactures started looking at India for sourcing auto components. The buyers started ruling the market due to the availability of choices in the form of models, price points and brands. A vibrant economy meant an increase in the GDP and per capita income. These factors turned out to be significant contributors in pushing up the domestic demand. The vast geographic spread of India attracted foreign investments. The marquee brands from all over the world started courting Indian consumers aggressively. The mature markets in the developed countries paled in comparison to the sheer numbers and the growth phase of the Indian auto industry.

Automobile Industrys Contribution to Emplyment Generation and Indias GDP:

Growth of the Sector in India.

At present the industry is enjoying a growth rate of 14-17% per annum, with domestic sales growth at 12.8%. The growth rate is predicted to double by 2015. As it is seen, the total sales of passenger vehicles - cars, utility vehicles and multiutility vehicles - in the year 2005 reached the mark of 1.06 million. The current growth rate indicates that by 2012 India will overtake Germany and Japan in sales volumes. Financing schemes have become an important factor in the growth of automobile sales. More and more financial schemes are coming up with easy instalment plans to lure the customers.

Apart from domestic production, the industry is consistently focusing on the automobile exports. The auto component segment is contributing a lot in the export arena. The liberalized policies of the government are now making the companies go for more and more exports.

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Major Players in the sector:


1) 2) 3) 4) Maruti Suzuki India Tata Motors Ashok Leyland Mahindra and Mahindra

Market Share:
Market Share %

Maruti Suzuki Ashok Leyland Tata Motors Mahindra &Mahindra Others

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Maruti Suzuki India Limited:


Maruti Suzuki India Limited (MSIL, formerly known as Maruti Udyog Limited) is a subsidiary of Suzuki Motor Corporation, Japan. MSIL has been the leader of the Indian car market for over two and a half decades. The company has two manufacturing facilities located at Gurgaon and Manesar, south of New Delhi, India. Both the facilities have a combined capability to produce over a 1.2 million (1,200,000) vehicles annually. The company plans to expand its manufacturing capacity to 1.75 million by 2013. The company offers a wide range of cars across different segments. It offers 15 brands and over 150 variants - Maruti 800, people movers, Omni and Eeco, international brands Alto, Alto-K10, A-star, WagonR, Swift, Ritz and Estilo, offroader Gypsy, SUV Grand Vitara, sedans SX4, Swift DZire and Kizashi. In an environment friendly initiative, in August 2010 Maruti Suzuki introduced factory fitted CNG option on 5 models across vehicle segments. These include Eeco, Alto, Estilo Wagon-R and SX4. In fiscal 2009-10 Maruti Suzuki became the only Indian company to manufacture and sell One Million cars in a year. Maruti Suzuki's revenue has grown consistently over the years.

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Tata Motors:
Tata Motors Limited company, is Indias largest

automobile

with

consolidated

revenues of Rs.1, 23,133 cores (USD 27 billion) in 2010-11. It is the leader in commercial vehicles in each segment, and among the top three in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. The Company is the world's fourth largest truck manufacturer, and the world's third largest bus manufacturer. The Company's over 25,000 employees are guided by the vision to be "best in the manner in which we operate, best in the products we deliver, and best in our value system and ethics." Tata Motors also distributes and markets Fiat branded cars in India.

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Ashok Leyland:

The origin of Ashok Leyland can be traced to the urge for self-reliance, felt by independent India. Pandit

Jawaharlal Nehru, India's first Prime Minister persuaded Mr. Raghunandan Saran, an industrialist, to enter automotive manufacture. In 1948, Ashok Motors was set up in what was then Madras, for the assembly of Austin Cars. The Company's destiny and name changed soon with equity participation by British Leyland and Ashok Leyland commenced manufacture of commercial vehicles in 1955 Access to international technology enabled the Company to set a tradition to be first with technology. Be it full air brakes, power steering or rear engine busses, Ashok Leyland pioneered all these concepts. Responding to the operating conditions and practices in the country, the Company made its vehicles strong, over-engineering them with extra metallic muscles. "Designing durable products that make economic sense to the consumer, using appropriate technology", became the design philosophy of the Company, which in turn has moulded consumer attitudes and the brand personality. The blueprint prepared for the future reflected the global ambitions of the company, captured in four words: Global Standards, Global Markets. This was at a time when liberalisation and globalisation were not yet in the air. Ashok Leyland embarked on a major product and process upgradation to match world-class standards of technology.

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Mahindra & Mahindra ltd:

Founded in 1945 as a steel trading company, we entered automotive manufacturing in 1947 to bring the iconic Willys Jeep onto Indian roads. Over the years, weve

diversified into many new businesses in order to better meet the needs of our customers. We follow a unique business model of creating empowered companies that enjoy the best of entrepreneurial independence and Group-wide synergies. This principle has led our growth into a US $12.5 billion multinational group with more than 137,000 employees in over 100 countries across the globe. Today, their operations span 18 key industries that form the foundation of every modern economy: aerospace, aftermarket, agribusiness, automotive, components, construction equipment, consulting services, defense, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers. Their federated structure enables each business to chart its own future and simultaneously leverage synergies across the entire Groups competencies. In this way, the diversity of our expertise allows us to bring our customers the best in many fields.

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Analysis:
Sales Turnover:
Year ( Rs in Crores) Mahindra &Mahindra 2010-11 2009-10 2008-09 2007-08 2006-07

25,586.43 20,323.63 14688.53

12,894.94 11,231.99

Tata Motors

52,135.97 38,364.10 28,538.20 33,123.54 31,089.69

Maruti Suzuki India

40,590.50 32,174.10 23,381.50 21,200.40 17,358.40

Ashok Leyland

12,393.36 8,071.74

6,826.96

9,178.82

8,513.93

60,000.00

50,000.00

40,000.00 M&M 30,000.00 Tata Motors MSIL 20,000.00 Ashok Leyland

10,000.00

0.00 2010-11 2009-10 2008-09 2007-08 2006-07

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Profit:
Year ( Rs in Crores) Mahindra &Mahindra 2006-07 1,068.39 2007-08 2008-09 2009-10 2010-11 1,103.37 836.78 2,087.75 2,662.10

Tata Motors

1,913.46

2,028.92 1,001.26 2,240.08 1,811.82

Maruti Suzuki India

1,562.00

1,730.80 1,218.70 2,497.60 2,288.60

Ashok Leyland

441.29

469.31

190

423.67

631.3

3,000.00

2,500.00

2,000.00 M&M 1,500.00 Tata Motors MSIL 1,000.00

500.00

0.00 2006-07 2007-08 2008-09 2009-10

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Correlation and Regression: Mahindra & Mahindra


E.P.S Mahindra 2007 2008 2009 2010 2011 Total X
44.88 46.15 30.69 36.89 45.33

D.P.S Y 6.75 6.75 5 9.5 11.5 39.50 X-X' 4.09 5.36 -10.10 -3.90 4.54 0.00 Y-Y' (X-X')(X-X') -1.15 16.744464 -1.15 28.751044 -2.9 101.969604 1.6 15.194404 3.6 20.629764 0 183.28928 (Y-Y')(Y-Y') 1.3225 1.3225 8.41 2.56 12.96 26.575 (X-X')(YY') -4.7058 -6.1663 29.2842 -6.2368 16.3512 28.5265

203.94

Calculation:
X' = Y' = r 40.788 7.9 E(X-X')(Y-Y') E(X-X')(X-X')*E(Y-Y')(YY')

28.5265 13.54*5.16

0.4083007

If E.P.S = 50 byx=
E(X-X')(YY') E(X-X')(XX') 0.16

a=

Y' - b X'

1.551899

Y = a + bx

9.33 Here X =50

So If E.P.S of M&M will Rs. 50 then D.P.S will be around Rs. 9.33

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If D.P.S= 12 bxy=
E(X-X')(YY') E(Y-Y')(YY')

a=

X' - b Y'

32.31
1.07

X=a + bY

45.19 Here Y =12 So If D.P.S of M&M will Rs. 12 then E.P.S will be around Rs. 9.33

R2 = =

r2 bxy*byx 0.167065

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Tata Motors:
Tata Motors E.P.S X 2007 2008 2009 2010 2011 Total Average
49.65 52.63 19.48 39.26 28.55

D.P.S Y 3 3 1.2 3 4 14.2 2.84 X-X' 11.736 14.716 -18.434 1.346 -9.364 0 Y-Y' (X-X')(X-X') 0.16 137.733696 0.16 216.560656 -1.64 339.812356 0.16 1.811716 1.16 0 87.684496 783.60292 (Y-Y')(Y-Y') 0.0256 0.0256 2.6896 0.0256 1.3456 4.112 (X-X')(YY') 1.87776 2.35456 30.23176 0.21536 10.86224 23.8172

189.57 37.914

E(X-X')(Y-Y') E(X-X')(X-X')*E(YY')(Y-Y')

28*2.028

23.8172 28*2.028

0.4194351

If E.P.S = 30 byx=

E(X-X')(Y-Y')

a=
E(X-X')(X-X')

Y' - b X'

0.030394476 1.687624 2.60 Here X =30 So If E.P.S of Tata Motors will Rs. 30 then D.P.S will be around Rs. 2.60 If D.P.S= 5 bxy=
E(X-X')(YY') E(Y-Y')(YY')

Y = a + bx

a=

X' - b Y'

5.79

21.46

20 X = a + bY 50.42

Here Y =5 So If D.P.S of Tata Motors will Rs. 5 then D.P.S will be around Rs. 50.42 R2 = = r2 bxy*byx 0.176048

Maruti Suzuki:
Maruti Suzuki E.P.S X 2007 2008 2009 2010 2011 Total Average
54.07 59.91 42.18 86.45 79.21

D.P.S Y X-X' 4.5 10.29 5 4.45 3.5 22.18 22. 6 09 14. 7.5 85 26.5 5.3 0.7 2.2 0 487.791396 220.403716 1326.12952 0.49 4.84 9.3 15.4602 32.6612 97.624 -1.8 492.129856 3.24 39.9312 -0.3 19.838116 0.09 1.3362 -0.8 105.966436 0.64 8.2352 Y-Y' (X-X')(X-X') (Y-Y')(Y-Y') (X-X')(YY')

321.82 64.364

0.00

E(X-X')(Y-Y') E(X-X')(X-X')*E(YY')(Y-Y')

364.16 * 3.05

97.624 364.16 * 3.05

0.0878951

If E.P.S = 85 byx=
E(X-X')(Y-Y')

a=
E(X-X')(X-X')

Y' - b X'

0.073615736

21 0.547219

Y = a + bx

6.82 Here X =85

So If E.P.S of Maruti Suzuki will Rs. 30 then D.P.S will be around Rs. 2.60 If D.P.S= 9 bxy=
E(X-X')(YY') E(Y-Y')(YY') 10.50

a=

X' - b Y' 8.728817

X=a +bY

103.20

Here Y =9 So If D.P.S of Maruti Suzuki will Rs. 9 then E.P.S will be around Rs. 103.20 R2 = = r2 bxy*byx 0.772759

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Ashok Leyland:
Ashok Leyland E.P.S X 2007 2008 2009 2010 2011 Total Average
3.33 3.53 1.43 3.18 4.75

D.P.S Y 1.5 1.5 1 1.5 2 7.5 1.5 X-X' 0.086 0.286 -1.814 -0.064 1.506 0 Y-Y' 0 0 -0.5 0 0.5 0 (X-X')(X-X') 0.007396 0.081796 3.290596 0.004096 2.268036 5.65192 (Y-Y')(Y-Y') 0 0 0.25 0 0.25 0.5 (X-X')(YY') 0 0 0.907 0 0.753 1.66

16.22 3.244

E(X-X')(Y-Y') E(X-X')(X-X')*E(Y-Y')(YY')

1.66 2.38 * 0.71

0.982364777

If E.P.S = 5 byx=
E(X-X')(Y-Y') E(X-X')(X-X')

0.293705502

a=

Y' - b X'

0.547219

Y = a + bx

2.02 Here X =5

23 So If E.P.S of Maruti Suzuki will Rs. 5 then D.P.S will be around Rs. 2.02

If D.P.S= 2.5 bxy=


E(X-X')(Y-Y') E(Y-Y')(Y-Y') 3.32

a=

X' - b Y'

-1.74

X = a + bY

6.56 Here Y =2.5

So If D.P.S of Maruti Suzuki will Rs. 2.5 then E.P.S will be around Rs. 6.56

R2 = =

r2 bxy*byx 0.975102

Maahindra & Mahindra Equity Dividend


282.23 282.61 278.83 549.52 706.08

Net Profit 2007 2008 2009 2010 2011


3,000.00 2,500.00 2,000.00 1,500.00
1,068.39 1,103.37 836.78 2,087.75 2,662.10

% 26.4163835 25.6133482 33.3217811 26.3211591 26.5234214

Net Profit Equity Dividend

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From the above graph we can conclude that company constantly gives dividend yet there is change in Net Profit.

Tata Motors Equity Dividend


578.07 578.43 311.61 859.05 1,274.23

Net Profit 2007 2008 2009 2010 2011


1,913.46 2,028.92 1,001.26 2,240.08 1,811.82

30.2107178 28.5092562 31.1217865 38.3490768 70.3287302

2,500.00

2,000.00

1,500.00

Tata Motors Net Profit Tata Motors Equity Dividend

1,000.00

500.00

0.00 2007 2008 2009 2010 2011

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From the above graph company gives around 35% dividend but in company gave 70% dividend of Net Profit.So, the major effect on share price was seen during the period of book Closure.

Maruti Suzuki Equity Dividend


130 144.5 101.1 173.3 216.7

Net Profit 2007 2008 2009 2010 2011


1,562.00 1,730.80 1,218.70 2,497.60 2,288.60

8.32266325 8.34874047 8.29572495 6.93866111 9.4686708

3,000.00 2,500.00 2,000.00 Maruti Suzuki Net Profit 1,500.00 1,000.00 500.00 0.00 2007 2008 2009 2010 2011 Maruti Suzuki Equity Dividend

Maruti Suzukis dividend % of Profit has incremental approach is seen. But, now are days company share price is decreasing which shows negative effect on share price in F.Y.12

26 Ashok Leyland Equity Dividend


441.29 469.31 190 423.67 631.3 198.58 199.77 133.03 199.55 266.07

Net Profit 2007 2008 2009 2010 2011

% of Dividend Disrtibuted. 44.9998867 42.5667469 70.0157895 47.1003375 42.1463646

700 600 500 400 300 200 100 0 2007 2008 2009 2010 2011 Ashok Leyland Net Profit Ashok Leyland Equity Dividend

On the above data we can conclude that Indias no.1 Transport automobile company s Profit and Dividend increased in 2011.but dividend % of profit is constant.

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Conclusion:
Infrastructure Deficit Talent Crunch Scaling-Up the industry Access to World-class Technology and Quality Practices Remaining cost competitive Access to and availability of cost-effective capital Trade Policy As Indian Automobile Sector is Continuously growing but as compare to World market our growth is restricted. Our Automobile sector is with middle class . The Technology and interior is not much competitive. One interesting thing that Gujarat is becoming Auto Hub as TATA ,Ford, Mercedes ,NISSAN, MARUTI SUZUKI,VolksWagon welcomed by Gujarat Government.So, its good strategy to welcome the World Auto mobile Company for the development on our country.

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Bibliography:
Reference http://www.rbi.org.in Central statistical organisation Economic Times Indiatimes.com

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