Posted on 04/09/2010 2:57:20 PM PDT by Niuhuru
NEW DELHI: While the global car market shrank, India’s auto industry displayed its resilience and strength, racing past several developed markets to emerge as the world’s second-fastest growing light vehicle market, second only to China and ahead of Germany, France, Japan and the US.
The government’s economic revival package gelled well with the country’s low car penetration, stable economic growth, new model launches and lower interest rates to increase the footfalls at showrooms and keep the demand ticking.
(Excerpt) Read more at toi.timesofindia.indiatimes.com ...
Well to be fair our market is a bit more mature than India’s and China’s, they are relative “Johnnie-Come-Latelies”, so naturally they would be growing faster.
bodacious tatas
It was a helluva ride tho..
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