List of articles tagged: Indian Car Market

The cumulative production data for April-January 2011 shows production growth of 28.86 % over same period last year. However, if one looks at production growth in January 2011 over January 2010, the overall growth rate is significantly down to less than 20%.

The latest figures issued by SIAM showed that the Indian car market was a witness to a growth of 32.69% last year(Jan-Dec 2010). India is soon becoming a hub for car manufacturers not only to sell their cars but to setup manufacturing units. India comes a close second to China when it comes to the fastest growth in the Automobile sector in the world.

The year 2010 ended on a high for the Automobile Industry in India and the fact that there were more than 50 launches throughout the year in different segments shows the kind of interest car manufacturers are taking into bringing their products in the market. Society of Indian Automobiles (SIAM), in its yearly report mentioned that the Indian car market grew by 32.69 % in 2010.

Proton plans to sell its product in the developing Indian car market. The Malaysian manufacturer believes the Indian car market has a huge potential and a great opportunity for them.