Indian Car Market grew by 32.69 percent in 2010
The year 2010 finished 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 automobile manufacturers are taking into bringing their goods in the market. Society of Indian Automobiles (SIAM), in its annual report mentioned that the Indian auto market grew by 32.69 % in 2010. Taking this a stage further India created as many as 17,076,659 vehicles which includes traveler 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 nation itself amounted to 1,870,483 thereby registering a increase 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 nation has. The MPV section too attained its portion of attention as it saw a expansion of 51.90% when it came to household sales. There has been a substantial growth in the auto sector in India and the statistics offer enough and more facts as to why even worldwide companies are trying to set up base in India. The coming year will certainly be an important one as it will acquire a lot of efforts to surpass this towering figure.