Almost all the automotive majors in India have registered a significant surge in their sales figures in the year 2007 with the coming of fuel efficient, swanky and ergonomically designed vehicles. To have a clear idea about the automotive sales industry in India let us consider the figures for a particular month, say January.
In January, some companies declared record sales. Indian automotive major Maruti Udyog Ltd. rolled out a total of 62,248 vehicles, which translated to a magical 28.3% growth over the same period the preceding year for the company. Meanwhile, Maruti's biggest contenders such as Hyundai Motors, General Motors India, HondaSiel cars India and Ford India posted their sales figures at 17,460 units, 3776 units, 6013 units and 4623 units respectively. Furthermore, Hyundai saw a phenomenal 78% rise in its sale of its flagship brand Santro over last year.
Just like its big brother, the two-wheeler segment also witnessed a huge growth in the recent past. For example, with three of its immensely popular new models namely, CBZ X-treme, Glamour and CD Deluxe, hero honda sold a total of 2,97,554 units posting a modest 19.3% increase in its sales figures over the previous year. Likewise, TVS Motor Company sold a total of 121,147 units that helped better its overall growth by 7% over its previous year postings.
The two factors that are having their impact felt in this segment are the growing buying power of the middle class and the low-interest EMI schemes. With the changing times, more technologically advanced and fuel efficient vehicles would crowd the city streets and rule the roost everywhere.
To conclude, the automobile sales are expected to experience a boom in the coming years and we might get to see a couple more automotive giants invading the Indian territories and locking horns with the Indian titans.
No comments:
Post a Comment