The Indian automobile industry recorded an impressive 68% growth in sales in December 2009 - continuing with the push it had received from two stimulus packages since 2008-end and successfully beating the yearend blues.
According to Society of Indian Automobile Manufacturers (SIAM), the total vehicle sales in the country rose to an astonishing 10,00,500 units last month against sales of 5,97,241 units in the year-ago period.
All major manufacturers like Maruti Suzuki, Hyundai Motors, Tata Motors, Hero Honda and Bajaj Auto registered healthy jumps, which were further fuelled by the low base effect of 2008 due to the slowdown in the domestic automart.
Total domestic automobile sales in 2009 increased 16.93% to 1,13,20,918 units when compared with 96,82,113 units in 2008.
"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.
While China's 42% growth was propelled by a tax cut on cars announced in January 2009, Germany saw 25% growth buoyed by the incentives given for buying new vehicles in exchange of old ones.
Domestic passenger car sales jumped 40.27% to 1,15,268 units in December 2009 when compared with 82,174 units in December 2008.
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