I feel Extremely happy to express the superiority of Indian Automobile Industry.
Two wheelers and Cars Industry is performing good even at the times of recession. This made Indian Automobile Industry to make the whole world wonder about the Indian economy.It also induced major manufacturers of Automobile to enter Indian Market.
Against the Overall world recession, Indian Automobile has shown 0.72% increase in sales including major inrease in Two wheelers and Passenger vehicles.
Cars(Passenger Vehicles):
The Passenger vehicles sales had shown a slight inrease of 0.13%, which is far better when compared to world's sales which has reduced 3.3%(approx.).
Maruti Suzuki has 2% increase in sales with 7.22 Lakhs cars. The special featured company has exported its A-star model to European countries. Thus increasing over all sales.
Hyundai had Excellent 13% increase in sales of the car whih makes it leader with an sales of 2.44 Lakhs. Hyundai has reduced the price of its cars around 5% which made the sales to be induced to the maximum level.
Apart from these manufacturers - Renault, Ford, Honda, General Motors has faced Heavy loss.
Two Wheelers:
Two wheelers had 2.6% increase in overall sales with an increase of sales from 72.49 Lakhs to 74.37 Lakhs.
In the current year 2009, it is expected that there will be an increase of about 3% to 5% in sales.
Cheers!!!
