Boost in Automobile sales in 2012

Automobile sector is experiencing boost in sales in new year 2012. After mid of 2011, sales went slow due to hike in petrol price and rise in interest rate. But new year has came with good signs for automobiles.

If we take example of Maruti Suzuki, it has registered sales growth after several months. Luxury car makers Audi, BMW and Mercedes Benz have also registered growth globally.

Boost in Automobile Industry in 2012

Bike segment also experienced growth. Yamaha Motors registered 40 percent sales growth, Honda Two wheelers 47 percent, Bajaj reported 8 percent growth, Hero Motocorp 11.5 percent, TVS motors 5 percent.[January 2012 sales compared to January 2011]

But again in four wheelers segment, Honda sales dropped by 47 percent. This may be due to hike in petrol price. Honda has only petrol engine cars in India.

Tata registered 16 percent growth in January 2012 sales. Hyundai cars sales was also up by 15 percent. Ford posted 7.4 % increase while GM - Chevrolet posted a 6.1% decline in car sales. Volkswagen India car sales for January 2012 grow by 3.36 percent

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