Posted on 13 Jan 2010
The Indian automobile industry recorded an impressive 68 per cent growth in sales in December last year. According to the Society of Indian Automobile Manufacturers (SIAM), the total vehicle sales in the country rose to an astonishing 1,000,500 units last month against 597,241 units in the year-ago period.
All major manufacturers like Maruti Suzuki and Tata Motors registered healthy jumps, which were further fueled by low-base effect of 2008 due to slowdown in the domestic automarket.
Thanks to the late surge in sales towards the second half of the year, total domestic automobile sales in 2009 grew by 16.93 per cent to 11,320,918 units compared to 9,682,113 units in 2008.
