PEST ANALYSIS The PEST analysis is a useful tool for understanding market growth or decline‚ and as such the position‚ potential and direction for a business. PEST is an acronym for Political‚ Economic‚ Social and Technological factors‚ which are used to assess the market for a business. Basically it is a scan of macro-external environment‚ in which a business wants to operate. Political Factors include: • Tax policy • Employment laws • Trade restriction and Tariffs
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Background Tyre Industry In India The origin of the Indian Tyre Industry dates back to 1926 when Dunlop Rubber Limited set up the first tyre company in West Bengal. MRF followed suit in 1946. Since then‚ the Indian tyre industry has grown rapidly. In the pre-Independence period‚ the tyre manufacturers were mainly foreign companies. Raw material in the form of natural rubber was easily available and labour was cheap. Sometime in 1956‚ based on the recommendations of the Tariff Commission‚
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1. THE TYRE MANUFACTURING INDUSTRY 2. PRESENTED BY: * NAME ROLL NO. * Arunn menon 1 3. INTRODUCTION * Faces huge competition‚ cost and price pressure. * The zooming auto industry has driven the growth. * The number of vehicles is swelling. * The truck and bus market is the largest segment in terms of value. 4. * Economic expansion and road development has made a contribution. * eg. The
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Indian Tyre Industry to grow at 9-10% in next 5 yrs The Indian Tyre Industry produced 73.6 million units of tyres (1.1 million tons) garnering Rs 190 billion in FY`07. MRF was the market leader (22% market share) followed closely by Apollo Tyres (21%). The other major players were JK Tyres & Industries (18%) and CEAT (13%). The industry tonnage production registered a 5 year CAGR of 9.69% between FY 02-07. Truck & bus tyre category (accounting for 57% of the tonnage production) recorded a 5
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CAR TYRES | AN Industry Overview | This project looks at the Car Tyre industry in India and how the Distribution channel helps this industry to grow and serve the needs of the End consumer. | PROJECT DONE BY:VIKRAM FALOR : DM14157RAMYAA RAMESH : DM14266AMIT SHUKLA : DM14104 | Introduction:- The Indian Tyre Industry is a critical part of the Auto Sector and there is a huge interdependent on those of the Automobile players. The Indian tyre industry accounts for approximately 5.0% of the
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ACKNOWLEDGEMENT Completion of the project is not a one handed affair. It needs timely guidance‚ co‐operation from the working members and the freedom to work. I am earnestly grateful to Mr. Kamal Manik‚ Dy. General Manager (Finance)‚ JK Tyre & industries limited‚ New Delhi for providing me with an opportunity to undertake a project work in their esteemed organization. I would also like to thank Mr. Sanjay Arora and Ms. Namita Gulati for her constant guidance. Finally‚ I am deeply indebted to all
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Research question/Purpose The Car Industry is changing its structure quickly. While Toyota earned some 124 billion SEK last year‚ GM lost about 65 billion SEK. Many mergers have happened and more changes are bound to happen. Write an essay pointing out the PEST-factors you find having a strong impact and causing these changes in the car industry. Also‚ reflect on the changes you think will happen in the years to come. 1.Introduction [1] PEST analysis is a process of checking and analyzing information
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PEST ANALYSIS A PEST (Political‚ Economic‚ Social and Technological) analysis is a major part of the environmental scanning section of strategic management and it is used by companies during market research and strategic analysis. Using a PEST analysis helps a business to understand various macro environmental factors that they need to take into consideration when determining the decline or growth of a particular market. What does
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Automobile Industry PEST Analysis 1. Political Factors A) Environment Concerns: Leading to the quest for eco-friendly cars‚ people would prone to buy hybrid or even pure electric cars in the future. B) Government Regulations: Limitation on high emission car purchase‚ and the restrictive passage of autos in downtown area‚ as well as the limitation on license plate (number plate) in huge cosmopolitans. C) Some pioneering states in the US have started to set the rules to govern robotized
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TERM PAPER ON PESTLE ANALYSIS OF AUTOMOBILE SECTOR OF INDIA ACKNOWLEDGEMENT I would like to confer my heartiest thanks to my coordinator of Business Environment and class teacher Miss Impreet Kaur for giving me the opportunity to expel and work in the field of Environmental Analysis‚ especially its practical applications. While preparing my project I got to have an in depth knowledge of practical applications of the theoretical concepts and definitely the things which I have learned
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