Production and Sale of CARS
As per the information received from the Society of Indian Automobile Manufactures (SIAM), the details of production of cars during the last three years and current year are as under:
(In number)
Category 2008-09 2009-10 2010-11 2011-12(Apr-Jan)
Passenger Cars 15,16,967 19,26,484 24,53,113 20,03,954
According to SIAM, many companies are entering the market with plans to expand their operations and invest over a period of next three to five years.
As per the information received from SIAM, the sale of cars during the last three years and current year are as under:-
(In number)
Category 2008-09 2009-10 2010-11 2011-12 (Apr-Jan)
Domestic sales 12,20,475 15,28,337 19,82,702 15,74,847
Exports 3,31,535 4,41,709 4,38,214 4,15,965
The sale of cars has been showing growth over the last few years. However, in recent months, it is showing a decline. Factors like rising interest rates and hike in fuel prices among other factors, are affecting the growth of this sector.
Various steps have been taken in pursuance of the Automotive Mission Plan (2006-16) and the new Foreign Trade Policy provides additional incentives which will expectedly boost the sale and export of cars in the country.
The above information was given by the Minister for Heavy Industries & Public Enterprises Shri Praful Patel in a written reply in the Lok Sabha.
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