While almost all the auto majors represent in the country are enjoying the high consumer sentiment and easy financing option to bank record sales month after month, it is believed that the upcoming festive season will again be much better than expected by several auto majors in the country.

Gaurant Dadwal, a research analyst at brokerage Jaypee Capital Services Ltd, said that the coming months will be even better for the Indian automobile industry.

It is to be mentioned here that the month of July was very good for the Indian auto majors while July sales are typically weaker than June but this time the industry haven't seen any such signs.

Many auto majors are even planning to launch a slew of products as the festive season is coming near to ensure that they bank the much-desired numbers during the period. Two-wheelers major, Hero Honda is lining up a handful of new products that will hit the markets in the coming months.

Moreover, companies like Yamaha, Maruti, Nissan, Toyota et al have already announced several launches in the past few weeks.