India Likely To Surpass Brazil In Car Production This Year

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India’s automobile market is all set to take the lead from Brazil as there was 30% growth in the auto industry from last year. Indian Automobile Market is planning to produce 3 million automobiles this year which will make them one of the leaders in the production for the automobile segment.

China stands at the top in the list by producing 1.38 crore cars which is much more than the US market. India stands seventh in the list after Brazil. Last year from April to February period, India produced 26.78 lakh cars which took India to sixth place due to increase in sales. With this growth rate, India can surely stand sixth in world’s top car producers list.

As we know there was increase in prices of the cars, but still the sales ratio has not gone down due to this. There are many new models which will be releasing this year and will surely increase the sales, as said by the market experts. The new models which will be releasing this year come from good brands like; Maruti is coming up with Maruti R3, Honda with Honda Brio whereas Toyota will be rolling out Toyota Etios Liva and GM is also planning to bring GM Sail. Maruti is also planning to build a new production plant near Haryana. Ford and Toyota are also planning to set up new plants in India for their expansion. Newly launched cars are much more in demand, like Maruti Alto K10, Toyota Etios ect which were launched in 2010 are some of the popular brands which customers are looking forward to. These cars almost increased the sales of the company by 15%. The new economy policies and the major brands that are coming up with high end models are surely going to make a lot of money. As per market experts, sales for this financial year is expected to grow by 14 to 16% which is pretty good enough.

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