Indian Auto Industry Recovering from Recession !
Posted on February 5th 2010Welcome back!
There was a considerable rise in the auto sales this January. Well New Year has got some good news for the car manufacturers. The rise could be seen when Maruti announced 33% of rise in it sales in January.
This happened due to the increase of demand for economy cars. There were demand in recession, economy cars are being sold. Power segment had a downfall in the market due to the price. Low demand for power cars could be seen in the market which was due to soaring prices. 81,000 vehicles were sold in the country in last month. Exports were increased too, according to the report 14,500 units were exported.
Apart from Maruti even Hyundai were in the list. A 42% rise could be seen in the market for Hyundai. New Year was started in full swing for every auto manufacturer. To top the list Mahindra posted a hike of 71% in January. One of the reasons for a rise in sales was the Delhi Auto Expo. This was the base for launching new vehicles. Delhi Auto Expo had a large crowd of visitors. Buyers from different parts were seen in the Auto Expo which had the potential to buy at the event. Two wheeler rise was also seen by Bajaj.
This has pushed the manufacturing industry to produce more products. With the rise in demand the companies are planning to launch new products. It might reveal new products which are cost effective and eco friendly too.
By editor in Auto India News, Auto Industry News, Bajaj, Future Bikes, Hyundai, Mahindra & Mahindra, Maruti Suzuki, Sales, Upcoming Cars
carazoo responded on 05 Feb 2010 at 7:16 am #
The New Year 2010 has a lot to give to the Indian car market. Car sales in the New Year began with a bang. This can be attributed to low interest rates and positive customer sentiment that continued to fuel demand for new cars. Moreover, car buyers invested in cars as there has been a continuous fear of price hikes which was withdrawn later.