Saturday, 10 March 2012

Overall Sales roar in February 2012 - a strong two digit growth recorded

Car Sales roared again in February 2012 in India. After having a slow year since April 2012 till date, with slowest ever sales recorded during July 2011, the car sales were back on track in January 2012. This is the first time when SIAM, revised their growth target twice in an year.

Starting with 14-16% growth as per SIAM's prediction, the revised target was 2-4%, however this was further revised to 0-2%. The general trend and sense in the market now shows we might end up with negative growth this year. However, with strong Sales in January & February 2012, the Passenger Car Sales are back on track and hence a slight sense of positiveness in the market now prevails.

The Only car maker who marked negative growth in Feb. 2012 were Fiat, Chevrolet, Ford and Volkswagen. Rest all other made a huge positive growth in this month. The overall growth mentioned is now in two digits.  Click on the image below to have an enlarged view of the Car Sales.


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