The Auto sector is on a Boom

It is indeed a moment to rejoice as growth in India always contributes to make a lot of people and their industries seek a boom. A thing similar is being eyed on seeking the growth and inflation seen in the market of cars. The Auto domain has seen a booming and emerging growth in the last few months, with almost two times of harvest when compared to the last year.

 

Talking about the cars on the roads alone, the industry witnessed an 18 percent hike in the profit and sales domain. Starting from the month of January in the new fiscal, it has been seen as an improvement and this month has been exceptionally good with a result that it’s at least 6 times better. This inflation in the auto industry has been really a credit as in spite of the new customs, today and the kind of troubles like the Modi Govt. not exceeding the excise duty etc.

 

when it all came with a huge chaos in the market, the auto companies were very apprehensive about the impact in scores, but the end result is kind of amazing. The huge need of cars in the Urban set up has certainly give up, however the sales in rural areas wherein the market is built on commercial vehicles like tractors and two wheelers have seen a dip.

 

On the Urban front, mainly the small entry level cars record and profit has all gone up, with most of the companies witnessing the best growth in the last few years. Looking at the segment for vans in our market, that had been sluggish for the past few years, saw a good 20 percent hike. We assume it’s the time, when the auto makers can actually be recovered by the losses they saw last festive season, marking the month of April up their calendar, would surely see a lot of changes.

 

Talking about the reasons that have helped the auto industry to reach this kind of growth, we would not be wrong to say the numerous cars recently launched in the country, that too from popular brands. Then we assume the credit would ego too the steady income, that gives confidence in the majority of consumers in this modern era of the country. To conclude we would award the credit on the fuel economy, the drop in the fuels also gave confidence to the common man in India, the confidence to run and own a car of his own. Well, we wish the progress goes constant giving confidence to the companies’ and the common man of India.