2011 expected to present new growth for the automakers

After the revolutionary year of 2010, the new year 2011 is expected to further enhance the growth of the auto sector. The South Korean auto manufacturers are speculating 2011 to be a great year for the Chinese and US auto market. However, the French auto industry closed 2010 on a negative note, as the drivers were looking forward to take advantage of the scrapping bonus scheme. As per the auto industry data, the French auto market this year saw a decline in the registration of new cars by 0.7 per cent in December, 2010 against the same month in 2009. Though in December, 2010 the new cars registration reported a little hike as the French car enthusiast were willing to seek the advantage of the government's scheme of scrapping bonus which ended on the last day of December.

As per the French auto makers association, the auto market declined by 5 per cent in December when compared to the sales of last year (same period). In the past year, the France's private auto market total sales were of 2,251,736 cars. The French car market observed sales hike of 3.1 per cent last year. However a slight decline in sales by 0.7 per cent for the month of December registered a downfall in sales to 2.2 per cent. But on the other other hand, the French car market saw a huge order log for new cars in 2010.

Globally, the auto manufacturers are expecting a growth in the new emerging auto markets of China, Russia, Brazil and India. However, the US auto market too is showing a pace in growth. But the Spain auto sector reported a decline in December for the sixth consecutive month by 23.9 per cent.

If looking at the global car market, India is considered to be the second fastest growing auto market which registered a growth of 30 per cent in this year. The domestic auto sector is promising and there are various auto biggies which are investing in the upsurge to enjoy a meaty chunk of the Indian auto sector.

In 2011, the Indian auto market will witness an array of new cars in the market in wherein new auto giants would enter for the first time, few expanding from its horizons and others just adding on the there existing profiles. The new auto giants entering the Indian auto market is Kia Motors a subsidiary of Hyundai Motors. The company's which are looking beyond from its cocoon and stepping in the new segment are Maruti, coming with Maruti Kizashi which is expected to hit the Indian shores by January 2011 with a speculated price of Rs 18 lakh. Honda coming with its first small car Honda Brio assumes its launch in the last quarter of 2011. Toyota Etios Liva from the Japanese auto giant Toyota which has manufactured the new hatchback keeping in mind the Indian standards and need will see the light of the day in April. The auto giants which are coming with new launches in its existing profile are Hyundai Avante, Maruti again launching a new small car Maruti Cervo in the same segment in which Maruti Alto is placed.

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