Latest Car News in India

Car sales back on track; Maruti, Hyundai, Tata, Toyota pep up with better sales

Car Industry in India is heating up despite of a chilling weather in North India with inspiring sales registered in January. Recently, India’s largest car manufacturer Maruti India has reported a growth in sales in January after a back-to-back negative on the sales chart for eight months in a row. Following the pursuit Hyundai, Tata Motors and Japanese car maker Toyota have also celebrations in their pavilion after good figures on the car sales chart.  

Auto Experts believe that if the current trend continues the next fiscal will be bringing much fatter sales. Notably, for the past few months, starting mid 2011, car sales in India could not pick and there was a downslide. Reasons attributed to slower sales in India include hike in fuel prices, first petrol and then diesel, rubbing shoulder were increased car loan interest rates.

India being the world's second-fastest growing car market has significant place in the global car market as well and which is why almost all the major car makers have pitched in their cars in India. The latest entry is of BMW Mini cars in India.

The not so significant growth registered by Maruti India in the months prior to January can also be contributed to the strike. With situation coming to normal in December, the Indian car maker was able to click 6 percent growth in domestic sales while a 54 percent growth in exports. Maruti has plans to export Maruti Swift, Maruti Swift Dzire and the upcoming MPV Maruti Ertiga as well as Maruti XA Alpha from India. It is currently majorly exporting Maruti A-Star. Maruti expects sales to further pick up pace with the New Maruti Swift Dzire launch.

Similarly Hyundai registered a growth of 11.85 percent with and the Korean car maker has also witnessed a 23 percent growth in its exports. Primary performers being Hyundai Verna, Hyundai i10, i20 besides other. Small car Hyundai Eon has also showed improved response in January. On the other hand Toyota has registered a sales growth of 89 percent following the rise in the sale of Toyota Fortuner and the new Toyota Innova launched at the Auto Expo. It is expected that the upcoming budget will be deciding the fate of the car industry in India as there is a decision pending on further taxing diesel cars in India.