While the Indian market is gaining more and more importance by the day on the global charts, the fact of the matter is the Indian market still has a very high growth potential and will grow for many more years to come.

However, for the past month, the auto majors are expecting a healthy 20-30% rise in its sales.

But Vaishali Jajoo, senior auto analyst with Angel Broking is very optimistic as she said that the second half will be better for the industry due to the festive season.

It is to be mentioned here Maruti Suzuki has filed its best unit sales ever in the month while Tata Motors has been able to post a 30% in the month of August as well.

Moreover, the India's top utility vehicles and tractors maker, Mahindra and Mahindra also reported a 29 per cent jump in August vehicle sales.

However, the coming months are expected to be challenging for the industry as a whole.