The quantity of new vehicles are increasing that too at a quick pace
. Automobile companies are competing with each other just to stand on number one in the market. Also due to the building income of youth market is flooded with the new cars in India. In fact with time automotive industry of India can be said to be the fastest growing industry.
There was a time when India faced a sudden economic pressure of the International Monetary Fund and Indian government had to open the doors of the economy. After that there is no looking back, as many international companies started investing in the Indian market. Many major auto companies entered India with a single hope of catering the huge under-exploited market of cars.
Today Indian automobile sector is the second fastest growing in the world. Today even middle class families keep on waiting for the latest models to purchase, because more than the luxury it has become a need. Too many companies operate out of India because they can get some great advantages like low cost labor and pretense of well educated people.
All most all the big automobile companies operate in India like Chevrolet, Hyundai, Honda, Toyota to name few of them. Now these companies understand the market trend in India and deliver accordingly. So many new cars are injected into the market like Chevrolet Beat , Renault Fluence and many more. There is no scarcity of money in the Indian market so brand like BMW and Audi also sell their New cars in India, and they get good chunk of buyers. So many automobile companies have their manufacturing unit in India. These companies are surely enjoying cheap labor and man power. Not only these companies but also Indian government is earning lots of revenue and the added advantage is that many people are getting employment.
Competition is so tough that that these car makers keep on launching new cars frequently just to cope up with the latest trend. All this is resulting in a great option for the buyers. Some famous cars in India are like Volkswagen Polo, Hyundai i30. Audi A5, Fiat bravo and many more in the list.