India: 3 million units
According to automobile sector analysts, India ranks 6th in the world's largest producer of cars.
India is on course to producing 30 lakh (3 million) cars by March 31, 2011, Currently, India is the world's seventh largest producer of cars.
However, by the end of the current fiscal, India would have sped past Brazil, pushing it to the 7th spot and taking the 6th rank.
Car sales, and thus production, in India have been rising at a fast pace owing to easy access to car loans, the launch of a variety of cars across various price segments, the increasing purchasing power of the Indian population and the growing desire among the masses to own a four-wheeler.
According to the Society of Indian Automobile Manufacturers, India produced 26.78 lakh (2.678 million) cars from April 2010 to February 2011, and is likely to hit the 3 million mark by the time the financial year ends on March 31.
Society of Indian Automobile Manufacturers (SIAM) had earlier projected that India would be among the world's top six carmakers by 2015.
Source: http://www.rediff.com/business
Follow us: www.facebook.com/karvyprivatewealth
According to automobile sector analysts, India ranks 6th in the world's largest producer of cars.
India is on course to producing 30 lakh (3 million) cars by March 31, 2011, Currently, India is the world's seventh largest producer of cars.
However, by the end of the current fiscal, India would have sped past Brazil, pushing it to the 7th spot and taking the 6th rank.
Car sales, and thus production, in India have been rising at a fast pace owing to easy access to car loans, the launch of a variety of cars across various price segments, the increasing purchasing power of the Indian population and the growing desire among the masses to own a four-wheeler.
According to the Society of Indian Automobile Manufacturers, India produced 26.78 lakh (2.678 million) cars from April 2010 to February 2011, and is likely to hit the 3 million mark by the time the financial year ends on March 31.
Society of Indian Automobile Manufacturers (SIAM) had earlier projected that India would be among the world's top six carmakers by 2015.
Source: http://www.rediff.com/business
Follow us: www.facebook.com/karvyprivatewealth
No comments:
Post a Comment