In 2011 Automobile Industry will make a new Market History in the World. Many Investors
are Moving to India for investing in Auto Sector. India was the fastest-growing
automotive market in the world. Today the $33.3 billion Indian auto industry has
slumped to an eight-year low. November was particularly bruising as passenger car
sales skidded 19%, to 83,079, down from 103,031 a year ago. Trucks sales plunged
by half, the worst in 10 years, according to the latest data released by the Society
of Indian Automobile Manufacturers (SIAM). "The complete lack of consumer finance
and high interest rates putting off consumers from buying vehicles," says Dilip
Chenoy, executive director of SIAM.
Here’s the Various Automotive Industries in India…!!