Its a Joyride for Auto Companies in India

Friday 03 December 2010, 00:00 AM by Payal Pathak

There is strong momentum and an equally strong under-current in the Indian auto market. The Indian car market is now the second largest fastest growing auto market in the world. Currently China leads the sales figures in the world auto market followed by the US. Closely at heels is the Indian domestic market which sees buoyant sales growing each month.

Auto makers including Hyundai, Maruti, Tata Motors, General Motors, Toyota and Mahindra have posted double digit growth in the month of November as well. For the second consecutive month Maruti crossed more than one lakh sales figure. Hyundai posted 12 percent jump in its sales figure as compared to same period last month. Tata Motors witnessed double digit growth in its sales figures including commercial vehicles, though it also felt a little dampener in Nano sales which recorded sales of 509 units in India.

General Motors recorded 17.67 percent and is growing steadily with its models like Spark, Beat and Cruze. Mahindra also recorded 18 percent jump in its passenger vehicle segment.

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