The year 2010 ended on a high for the Automobile Industry in India and the fact that there were more than 50 launches throughout the year in different segments shows the kind of interest car manufacturers are taking into bringing their products in the market. Society of Indian Automobiles (SIAM), in its yearly report mentioned that the Indian car market grew by 32.69 % in 2010.
Taking this a step further India produced as many as 17,076,659 vehicles which includes passenger vehicles, commercial vehicles, three wheelers and two wheelers this year. Domestic sales registered a growth of 30.92 % with 14,824,072 vehicles being sold in India. The Passenger cars sold in the country itself amounted to 1,870,483 thereby registering a growth of 31.03%. The Ford Figo itself amounted for 60,000 of the sales in India and looking at the humoungous figure here, makes us understand the amount of car lovers this country has. The MPV segment too attained its share of attention as it saw a growth of 51.90% when it came to domestic sales.
There has been a significant growth in the automobile sector in India and the figures provide enough and more evidence as to why even international companies are trying to set up base in India. The coming year will certainly be an important one as it will take a lot of efforts to surpass this towering figure.
