Auto sector: China's success but India's challenges

[beijingwalker]

Learn to comprehend what was posted before making ignorant statements.

"They are too stuck on comparing themselves to countries that have less than 1/3 of their GDP"
i.e. comparing yourselves to India, which is around 1/3rd of your GDP more or less.

how about the growth rate,according to the world bank,China will overtake US in2016.barely 4 years away.

 

[Chinese-Dragon]

Q: How is the customer any different in the two countries?

Bali: There is a lot of difference between a Chinese customer and the Indian customer. The finance penetration that is the number of cars sold on financing is far higher in India.

It's almost four to five times the Chinese number. About 70% of cars in India are sold on finance whereas the similar number for China is about 12-15%.

Q: Then is how is the Chinese consumer buying a car? Are they not taking bank loans to buy cars?

Bali: They are buying with outright cash. It is largest market for buying vehicles on down payment. So India is certainly following a different trajectory here. I think the reasons are by and large the younger generation is far more open to taking loans.

There is a good legal infrastructure. There is adherence to contract laws. The credit bureaus are doing a wonderful job, so that makes the finance penetration even better. I am quite hopeful that seeing the trends of younger generation the 70% will only head higher in future.

Same with houses, a large downpayment is required, especially if it is your second house.

This characteristic should insultate us in the future from any further Credit Crunches. Since the average person is not taking on excessive debt to buy cars and houses.

 

[conworldus]

anyday, better than the chinglish you see on signboards

Well the sign boards do not claim to be American.

 

[Chinese-Dragon]

But you will still live in a ****-hole, with labor camps and have a poor standard of living. While even more of your wealthy will pack up and bring their revenues over to us. You are always going to be a stepping stone.

I suggest more Chinese buy more cars because given your real estate crisis, you guys could live you cars. About the same size as the shanty most of you call home.

Better than your own India, which has more poverty and starvation than Africa.

 

[Smarterthanyou]

 

[beijingwalker]

haha,China is pretty well off now,it is your Indians living in a ****-hole.every photo shows that,you living standard is worse than Africa.

 

[ChinaToday]

They sold 500000 cars in china compare to 5000 in india LOL and even then indians need a bank loan to buy the car another LOL

 

[Smarterthanyou]

haha,China is pretty well off now,it is your Indians living in a ****-hole.every photo shows that,you living standard is worse than Africa.

As I said repeatedly, you prove my initial reply to you- as being right on the money. I could care less what the situation was in India. But then, over a years period of reading these forums off and on, I saw you Chinese as bullies on this forum and decided to stand for Indians.

You guys taunt them on every occasion, troll on their topics here. You Chinese seem to be fixated in comparing yourselves to India, an economy that is more than 1/3 less compared to your GDP. I find it ironical that you a " developing" country , majority of your populous lives in a 3rd world ****-hole conditions, compares them to Africa.

 

[Chinese-Dragon]

You guys taunt them on every occasion, troll on their topics here. You Chinese seem to be fixated in comparing yourselves to India, an economy that is more than 1/3 less compared to your GDP. I find it ironical that you a " developing" country , majority of your populous lives in a 3rd world ****-hole conditions, compares them to Africa.

We taunt you Indians because it is you Indians who started bashing us first.

And now you are so afraid of anonymous internet bashing that you have set up a false-flag account just to cry about it.

If this forum could go one day without Indians crying it would be a miracle.

 

[oct605032048]

I like this video and I assume you could at least partially understand Chinese maybe a Meifen or Lunzi.

But anyway it is China's own business and as an outsider you'd better shut your P up.

---------- Post added at 04:08 AM ---------- Previous post was at 04:07 AM ----------

China's auto industry is about 10 times the size of India and roughly 2 times of US's.

 

[Zabaniyah]

And Americans are overtly concerned about the Chinese. I always tell them - They are too stuck on comparing themselves to countries that have less than 1/3 of their GDP. Your close to 10 topics just today proves it.

Where in the article does it say anything about America?

@Topic: It is a fair analysis. Especially considering that now, half of the Chinese population are living in urban areas for the first time in history.

 

[Smarterthanyou]

I like this video and I assume you could at least partially understand Chinese maybe a Meifen or Lunzi.

But anyway it is China's own business and as an outsider you'd better shut your P up.

---------- Post added at 04:08 AM ---------- Previous post was at 04:07 AM ----------

China's auto industry is about 10 times the size of India and roughly 2 times of US's.

Other than saying that posters here should only comment about their own countries and calling me an outsider. Are you not an outsider too? I presume if things were so hot and sexy back in china you would not be living in our country.

Yes, they have bigger car sales, they are about 4 times our population- but what percentage of them own a car? Only 6 out of 100 in china own a car vs. 90% in the US! It's a third world ****-hole!

 

[Chinese-Dragon]

Yes, they have bigger car sales, they are about 4 times our population- but what percentage of them own a car? Only 6 out of 100 in china own a car vs. 90% in the US! It's a third world ****-hole!

Yet according to the Economist, China is still 40 years ahead of your India in terms of development indicators.

So if we are a "third-world sh*thole"... then what about your India, which literally has less toilets than all of Sub-Saharan Africa?

 

[oct605032048]

Other than saying that posters here should only comment about their own countries and calling me an outsider. Are you not an outsider too? I presume if things were so hot and sexy back in china you would not be living in our country.

Yes, they have bigger car sales, they are about 4 times our population- but what percentage of them own a car? Only 6 out of 100 in china own a car vs. 90% in the US! It's a third world ****-hole!

There are a lot of Americans living in China as well and the number is increasing rapidly.

FYI there are americans lives in Afganistan and Iraq as well. So Kandahar must be a better place than New York.

 

[ChinaToday]

Yet according to the Economist, China is still 40 years ahead of your India in terms of development indicators.

So if we are a "third-world sh*thole"... then what about your India, which literally has less toilets than all of Sub-Saharan Africa?

Now these indians are getting smarter they are using usa to compare to us good move