There couldn’t have been a better start to Year 2011. Last year’s figures indicate that India has become the second fastest growing market in the world only next to China. Here is a gist of all the action:

• Car sales surged by 31% during the year to 1.9 million units
• Sales of two wheelers crossed 10 million units
• Passenger vehicle sales grew 31.3% last year to 2.4 million up from 1.8 million in 2009.

Almost each and every segment has registered double digit growth.

Of course, much of the credit certainly goes to the booming economy. But part of the credit goes to governing bodies like SIAM who have made sure that the growth is sustained and not sporadic.

All we can say is it’s FANTASTIC to be in India! Going forward, there are approximately 53 car launches planned this year. A lot of new brands are also entering the market. And IAB will be there at ground zero getting you all the updates.

So fasten your seat belts; this is going to be one heck of a ride!

Source – Hindustantimes.com

Tagged as: 2010 Auto Market India, Indian auto market

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01 December, 2010 Hyundai Motors on Tuesday reached a historic milestone with the sale of its vehicles reaching 20 lakh (2 million) mark in the domestic market.
On the occasion, H. W. Park, Managing Director & CEO, HMIL, said, “Today is a red-letter day for all of us at Hyundai family. We are extremely delighted to share this achievement with all our stakeholders and we believe this was possible because of our total commitment to the Indian market and the faith our customers have put in our products. Needless to say we will continue to build “Brand Hyundai” in the market here and bring in the best of products and technology.”
The first Santro rolled out in September, 1998. Right from the beginning HMIL has always been the trend-setter. From the record of setting up the plant in just 17 months to becoming the 2nd largest car manufacturer in just 6 months to rolling out 150,000 cars in about 25 months, Hyundai has fulfilled everybody’ expectations.
Hyundai Motor achieved this remarkable distinction of reaching the 20 lakh car production for domestic market in a record time of about 12 years. In December, 2009, HMIL had touched the milestone of fastest production and sales of 25 lakh units (cumulative). With these achievements, HMIL becomes only the second manufacturer in India to have achieved these distinctions.

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Hyundai Motor India Ltd. (HMIL), the second largest car manufacturer and the largest passenger car exporter, today reached a historic milestone with the sale of its vehicles reaching 20 lakh (2 million) mark in the domestic market.

On the occasion, H. W. Park, Managing Director & CEO, HMIL, said, “Today is a red-letter day for all of us at Hyundai family. We are extremely delighted to share this achievement with all our stakeholders and we believe this was possible because of our total commitment to the Indian market and the faith our customers have put in our products. Needless to say we will continue to build “Brand Hyundai” in the market here and bring in the best of products and technology.”

The first Santro rolled out in September, 1998. Right from the beginning HMIL has always been the trend-setter. From the record of setting up the plant in just 17 months to becoming the 2nd largest car manufacturer in just 6 months to rolling out 150,000 cars in about 25 months, Hyundai has fulfilled everybody’s expectations. Hyundai Motor achieved this remarkable distinction of reaching the 20 lakh car production for domestic market in a record time of about 12 years. In December, 2009, HMIL had touched the milestone of fastest production and sales of 25 lakh units (cumulative). With these achievements, HMIL becomes only the second manufacturer in India to have achieved these distinctions.

Hyundai Surpasses 25 Lakh Car ProductionHyundai Achieves Another Milestone With Its i10 CarHighest ever Hyundai salesHyundai opens 300th dealershipHyundai Motor India Ltd Sales-Meter Hits 30LakhTags: HMIL, hyundai india, Hyundai India 20 Lakh Sales, hyundai india sales

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