Indian automobile industry recorded an impressive 68 per cent growth in sales in December last year, thereby continuing with the push it had received from two stimulus packages since 2008-end and successfully beating the year-end blues.
According to the Society of Indian Automobile Manufacturers (SIAM), the total vehicle sales in the country rose to an astonishing 10,00,500 units last month against a mere sale of 5,97,241 units in the year-ago period.
All major manufacturers like Maruti Suzuki, Hyundai Motor, Tata Motors, Hero Honda and Bajaj Auto, registered healthy
jumps, which were further fueled by low-base effect of 2008 due to slowdown in the domestic automart.
Thanks to the late surge in sales towards the second half of the year, total domestic automobile sales in year 2009 grew by 16.93 per cent to 1,13,20,918 units compared to 96,82,113 units in 2008.
"In fact in the passenger vehicle segment, India was the third highest growing market in the world after China and Germany in 2009," SIAM President Pawan Goenka told reporters at the 10th Auto Expo here.
China and Germany saw 42 per cent and 25 per cent growth respectively, propelled by various incentive programmes to boost vehicle sales.