Car sales drop in December this year

Car sales in India dropped dramatically in December against rest of the year 2009. Thanks to holidays and general assumption of December being inauspicious for new purchases. The car sales growth for the month would be 8 to 9 per cent this month. Contrary to this month, the period of April to November saw best growth figures for all the major auto companies. For instance, Honda Siel Cars India car sales rose 32 per cent in the above said period. It is to be noted that the car sales in India rose 22 per cent in the April-November period due to new car launches, rising incomes and cheap funding by banks. In November only, car sales moved up 67 per cent. The passenger vehicles sales is projected to 18 lakh by the end of current fiscal as compared to 15.5 lakh of fiscal 2009. In the April-November period, several cars were launched in India such as Tata Indigo Manza, Hyundai i20, Fiat Palio and Fiat Linea, Maruti Ritz, Toyota Fortuner and Chevrolet Cruze. In the beginning of the new year, there would be several new launches in Delhi Auto Expo that might take customers to the showrooms. Chevrolet Beat, Volkswagen Polo, Maruti Eeco, Ford Figo and Tata Inidcruz are slated to be launched at the show. Launching of Chevrolet Beat and Volkswagen Polo may change the market scenario which is dominated by Hyundai i20 and Maruti Swift.

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