Auto sales carry the growth momentum
Amidst the rounds of hikes in the domestic market, the Indian consumer has shown the high level of sentiment that is operating currently. In fact, while auto sales have been considered as one of the softer indicator of a country's economic scenario, it has been able to zoom even in the month of April 2010.
Be it two-wheelers or four-wheelers, almost all the companies have been able to bank higher volumes riding on the back of factors like easy availability of finance and the improved consumer sentiment. While the two-wheelers market leader Hero Honda has been able to file a marginal rise because of the high base and the strike at Exide, four-wheelers market leader, Maruti Suzuki has been able to zoom ahead of the competition as it filed almost a
30% rise in sales in the month of April in the domestic market.
Other companies like Tata Motors saw a whopping 44% increase in sales as compared to April 2009, TVS Motor Co, India's third largest two wheeler maker, said two-wheeler sales in April rose 28%. Cleary, the automobile sector has been on a high for a long time now and experts believe same will be the scenario even in the few months to come.