One cannot show back to the fact that the automobile industry is going through one of the best growth phases in its history. In fact, the last month has been able to successfully carry forward the trend as the automobile exports from India increased by 41.81 per cent in July to 1,98,368 units, mainly riding on the back of the motorcycle segment.

As per the figures released by Society of Indian Automobile Manufacturers (SIAM), overall auto exports in July, 2009, stood at 1,39,887 units.

Moreover, the SIAM report also said that the bike exports increased by 45.55 per cent to 1,30,148 units in July from 89,420 units in the same month of 2009.

It may be noted here Bajaj Auto exported 87,643 units in July this year as against 59,002 units in the same month last year, translating into a growth of 48.54 per cent while Hero Honda exported 11,827 units, registering a growth of 75.65 per cent over the year-ago period.

But as the demand for cars has slowed down in the European market, exports of passenger cars from India slowed down and witnessed just a 2.12 per cent increase to 34,219 units compared to 33,506 units in the year-ago period.