Inside the latest many years, India started turning into a major hub as far as vehicles had been concerned. Much more and a lot more automobile makers have begun seeing the potential of the Indian automobile market. Last 12 months, our nation became the fourth biggest exporter of automobiles in Asia. We stood just behind Japan, South Korea and Thailand. In 2008, India was the ninth biggest automobile market producing over 2.three million items. This 12 months, with a lot of automobile launches already, we see our nation growing like by no means before. Let’s possess a look at the existing Indian automobile marketor venta de autos.
In February this 12 months, many automobile makers discovered record product sales figures and automobile product sales have cruised up further in March. Union Price range 2010 brought the partial rollback in excise duty reduction on vehicles. A little later, came the hike in automobile costs. In spite of that, March showed good numbers when it came to automobile product sales.
Automotive majors like Hyundai, Tata Motors, Maruti Suzuki, Honda, Ford and GM constitute over 90 % of all vehicle product sales in India. Sales of passenger autos of these companies have risen by 19.three % in March, i.e., from one,95,805 items in March, previous 12 months to one,95,805 items in March this 12 months.
Just before the Union Price range, the Indian automobile market was sizzling. Consumers feared the hikes submit spending budget and bought vehicles in the month of February itself. So, February product sales shot as much as 34 % with one,94,548 items offered as compared to one,45,166 items in February 2009.
Last we had the financial downfall, while this 12 months has been displaying signs of recovery. Passenger vehicle product sales figures of the major automobile makers in 2009-10 shot up by 26.7 %, to 2,429,419 items, as compared to one,918,146 items in 2008-09. Once more, with increase in steel costs, the manufacturing cost of vehicles is likely to increase. The BS IV norms too would come into picture. As a result, submit April one, automobile costs are going to increase. This mentioned, purchasers flocked to showrooms to obtain their share before the costs really shot up.
Whilst Toyota has raised the costs of Corolla, Innova and Fortuner models by Rs 5,000 to Rs 14,000, Maruti Suzuki has increased costs for its A-star, Ritz, Estilo, Omni, Swift, DZire and SX4 models in between Rs 1000 and Rs 7000.
Professionals nonetheless think that the overall growth is going to continue in future, may be at a relatively lower rate. Tier-II and -III towns may see a 15 % growth in the automobile market in 2010-11, in spite of fears of increase in interest rates and high inflation. GM alone is believed to possess a 50 % growth over previous 12 months.
Sales for Maruti have gone up by 7.7 % in March, at 79,530 items. Last 12 months, it had offered only 73,855 items in March. Not just that, Maruti Suzuki has become the only Indian automobile maker to attain the milestone of a million items becoming offered in a 12 months. Export figures too improved for Maruti. Against 70,023 items in 2008-09, Maruti offered 147,575 items in the course of 2009-10.
Coming to Hyundai, it discovered a 27.three % growth in March 2010 with 31,501 items offered, compared to the 24,754 items offered in March 2009. This will be the highest recorded domestic product sales figure in Hyundai’s history. With Indigo Manza and Sumo Grande MKII selling well, Tata Motors discovered a 17.4 % growth, at 27,761 items compared to 23,649 items offered in March previous 12 months.
India is turning into 1 of the world’s biggest markets of small vehicles. Due to the fact of India’s powerful engineering base and manufacturing abilities in generating fuel-economic, cost-effective vehicles, many automobile companies like Nissan, Hyundai, VW, Toyota and Maruti Suzuki have expanded their manufacturing facilities. By 2011, Nissan is expected to export 250,000 autos produced in the Indian automobile market. By 2011, GM too may export around 50,000 vehicles produced here, in its Indian plant.
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