Car sales in India are on constant rise. The news comes from SIAM that released the latest figures according to which the sales chart is showing growth rate of nearly 12-13 percent. One of the most interesting features is that sales in domestic market has shown better growth rate in comparison to export figures. According to Society of Indian Automobile Manufacturers (SIAM), car exports in June 2009 stood at 36,874 units which is decline of about 3 percent as compared to export sales of 38,113 units in June 2009.
"The decline in exports is primarily due to the slowing down of demand from Europe, but in other markets of the world it is picking up," SIAM President Pawan Goenka said. Meanwhile economic revival in the country and new car models in India have kept up the sales figures that are slated to run into double digit growth in the current fiscal year. The projected 12-13 percent growth stated by SIAM is being perceived as a conservative figure by industry experts considering that first quarter sales have topped 30% and newer models are enjoying longer than expected waiting period. Moreover, the high sales growth comes in spite of auto makers hiking prices three times in just first six months of the calendar year.
