Indian car exports surge 36% in of 2009-10

Car exports from India in the first half of this financial year jumped by 35.7 % as major manufacturers like Hyundai & Maruti Suzuki cashed in on scrap page incentives provided in Europe, In spite of other sectors of the auto industry witnessing turn down.

According to Society of Indian Automobile Manufactures Association (SIAM), car exports during Apr-Sep stood at 2,10,088 units as against 1,54,783 units in the year-ago period. The increase in exports were mainly driven by the country's largest car maker Maruti Suzuki India as its overseas shipments rose over two-fold during April-September to 65,752 units from 29,699 units in the year-ago period, SIAM said.

Domestic Car sales down in july 2008

In the last three years this july 2008 car sales dropped due to oil prices hike and the inflation.Car sales down by 1.71%,At the same time two wheelers sales up by around 20%.According to Society of Indian Automobile Manufacturers(SIAM) 89,250 car units were sold in july 2007and 87,724 units sold in july 2008.This is not only because of oil price hike.Vehicle loans that is the interest rates against vehicle loans are keep on increasing, so in urban area and rural area the sales was too bad.