SIAM predicts 13% growth for FY2012-2013 after Auto Expo

The FY2011-2012 is almost coming to an end, but the slide in car sales was not as bad as expected after the car industry managed to end up with mere 2.3 % drop in car sales in 2011. However, the Auto Expo offers a ray of hope for the car industry, if not anything, it has definitely lifted the spirits of the consumers seeing the tempting new car models displayed at the Auto Expo.

Auto Expo luckily working out to be in favour of the Indian car industry, the Society of Indian Automobile Manufacturers (SIAM) now predicts a growth of 13 % for FY2012-2013 especially after the great show put up by the car manufacturers at the ongoing Indian Auto Expo.

The largest Automobile Exhibition of Asia is definitely worth watching where the car manufacturers were literally playing a cat and mouse game each surprising their nearest rivals with their own card to play which not only heated up the environment there, but also strived to deliver the best. Right from the slowly catching up hybrid, electric car segment to the SUV and MPV segment, we can see the car manufacturers playing one step ahead of the other.

The most evident example we have is the Tata Manza hybrid and the Mahindra Verito electric. Maruti India thought it will try its hand in the MPV segment with Ertiga MPV focusing on Toyota Innova for the start, but soon came many rivals popping up, Nissan Evalia for one and Hyundai brought the Hexa  Space MPV which it will soon send to production not willing to give even breathing space for the competitors.

Compact SUV segment, we have covered numerous times and you can check out the competition between the potential competitors, Ford EcoSport, Renault Duster and more to join shortly from Maruti India’s XA Alpha concept and Hyundai Motors. Audi India unveiled the Audi Q3 SUV to rival BMW X1 series in the car market, then there are luxury car manufacturers like

Mercedes-Benz who displayed quite a large range of high-end cars probably eyeing to bring the car models at some point or other to India including S600 Pullman limousine range to DTM race cars building up the awareness of Merc cars in India, bringing the otherside of the coin into light. The year 2011 has seen many ups and downs making a good start, then running downhill and again catching up towards the end closing with 8.5% growth in December defying the predictions of low sales towards the year end.