Indian Automobile sales grow with the Economy
Indian Automobile sales grow with the Economy
With the continuous growth of the economy, Indian auto manufacturers as well as foreign companies have been attaining success with their machines, may it be two wheelers or four wheelers. As the demands for enhanced and technological products is increasing, the companies also are busy producing new and latest products as per their user requirements. With the increasing economy and increasing standards of life, people are running towards luxury and style which has been one of the big reason of increasing sales in India. As per the latest information, it is been enquired that motorcycles in the country experienced a growth of 43.31 percent accounting a sale of 8,76,810 units in October 2010 and a sale of 6,11,828 units in the year 2009. With thisBikes sales in a single month of October increased by 50.38 percent by selling 11,27,827 units over 7,49,965 units in 2009. Also the demand for four wheelers is increasing which could be observed with the fact that the country reported a sale of 1,82,992 units which is 50,377 units more as compared to the last year sales accounting an increment of 37.99 percent. The sales of commercial vehicles as well have grown with 18.17 percent measuring a sale of 50,835 units in October 2010 and 43,018 units in year2009. The overall growth of automobile sales of the country increased by 45.93 percent accounting a sale of 14,60,655 units during the current fiscal year and a sale of 10,00953 units last year. The auto makers of the country knowing the increasing demands are working hard to make their stand with quality products and also to satisfy their users completely. Also the number of super bikes and luxury cars is increasing tremendously in India as the number of players also increases. The young generation is attracted towards the bulky sports bikes and are always ready to pay for newer and enhanced models.