1,89,008 cars were sold solely in the month of February this year according to SIAM. The figure just goes to show the boom the automobile industry has seen in the coming years. The hike in petrol, diesel, LPG or for that matter even car prices has not made a significant dent in the sales figures.
Needless to say that this growth has been brought about mainly due to the growing middle class and not to mention the easy accessibility to loans and also the range of models available. The Automotive Industry in India has been the centre of attention for International car manufacturers; (some entering, some re-entering). This year will be something to look forward to as the choice widens and the industry blooms!
