With economic recession almost over, Indian auto market is now getting stronger gradually. In fact, auto sales in Indian market increased significantly in November. Major companies posted high growth percentage compared to the recession-hit November 2008. It is true that the growth is based on the poor sales of the same month last year when economic recession slowed down car sales in Indian market, but the optimism lies in the fact that the percentage rate of the growth is very high. So, Indian automakers can now be optimistic about Indian market next year.
Maruti Suzuki India Ltd., the largest automaker in
In the two-wheeler market, Hero Honda scripted a 32% increase in November sales to 381,378 volumes. Having seen excellent sales growth last month, Hero Honda is now determined to reach its yearly sales target of 4.0 million units. Hero Honda’s rival in motorbike market, TVS Motor, posted 23% growth in its November sales to 120,844 units. However, its motorcycle sales decreased a little bit, even though the scooter sales rose 38% to25,115 units.