New Cars in India — Changes the Indian Automobile Industry

New Cars

The fast growing economy has ensured a perspective market of new cars in India. As the middle-class people are having more money to expand on luxury items they are buying all kinds of items pushing the growth of the economy.

Arrivals of Various Automobile Companies In India

After the economic liberalization of the Indian economy, the car industry has been growing like never before. All major auto companies are launching products in the market. Japanese car makers like Toyota, Honda, Nissan, etc are doing business in the market. South Korean car maker Hyundai is also doing good business in India. American automobile makers like Ford and General Motors also have a presence in the Indian car market. Even major luxury automobile makers like Mercedes, BMW and Audi are doing well in the fast growing market of India.

If we consider the Indian automobile industry, there are various companies, which are offering all type of vehicles in the market. Automobile manufacturing companies are offering different cars, two wheelers, three wheelers, commercial vehicles, sports vehicles and other utility vehicles according to the user’s requirement. As we all know, cars have become a need for today’s world. Automobile companies are offering various premium cars to entry-level cars for the customers. Most cars makers have been working hard for producing a low budget car for the Indian market. The Boom of Indian Automobile Industry can be tracked by the state, which proves the increment in car production from 31.46 lacs cars ( 11–12) to 39.91 lacs (16–17) . . Figures from SIAM.

Four Wheelers In Market

New four wheelers are getting launched every other day nowadays. Many automobile makers are creating much media hype about the launches to create curiosity about the 4 wheeler in the market. It is helping in the sales department. As four wheeler buyers have more information about cars in the market, they are getting more curious about perspective new cars and also buying the same. Even media houses are providing more content related to the industry in an attempt to widen the appeal of their models.

There are many benefits of buying a new car in place of a used car. You have the vehicle in its perfect condition.

New v/s Old Car at a glance

As many people are selling their old cars to buy new ones as soon as they are launched, the used four wheeler market is also growing. It is helping the growth of the overall auto market of India. There are many benefits of buying a used car in place of a new one if it is your first car then it is better to buy a used one as when you are learning how to drive a car then you may come across some incident damaging it.

Consequently visit GALIO for exploring about the upcoming innovative products that we possess and information associated with automotives in India.

Fact of the day

There are 1 billion cars currently in use on earth. About 165,000 cars are produced every day.