July 2010 car sales figures have crossed all benchmarks in India. The monthly car sales in India have crossed more than 200,000 units recording 38 percent growth as compared to same period last year. Car sales grew 37% to 2.02 lakh, compared with China’s 13.6% where 9.5 lakh units were sold. “All segments led by cars and commercial vehicles have out-performed,’’ said Vishnu Mathur director general at SIAM. ``There could be base effect for the commercial vehicles in the coming months that could result into small growth, but the overall sentiment remains positive for the industry."
There have been several new entrants in the market that have given value added features to the car buyers and opt for newer designs and brands like Volkswagen, Ford, znc Chevrolet that were conspicuously absent from the small car segment so far. Chevrolet has a new entrant Beat apart from its existing small car line up consisting of Chevy Spark.
Auto makers in India still face capacity constraints and have immediate plans lined up to increase their manufacturing capacities including Ford, Volkswagen, Skoda, Tata Motors etc.
