Sunday, 8 February 2015

CAR MARKET IN iNDIA


India has witnessed a good sale of cars in its market in the past decade. Many Indian customers from middle class families have preferred compact cars to luxury cars. Though 2014 was an uphill task for the car companies to augment the sale of their cars, 2015 may leave them satisfied. However, a few companies succeeded in creating a successful market in India. Honda,Maruti and Hyundai are some of them. The year left a gloomy picture for Mahindra and Toyota.
                  Here, the car companies have experimented with the new models also. For instance.Hyundai introduced i10. Adding the Xcent compact Sedan alongside the i20 elite turned out to be a welcome relief for the company. The Korean carmaker had witnessed a positive sale in most part of the year.
                 Honda’s  Amaze  followed by the new City, aided by the new diesel engine, attracted the customer who wanted to leash their pockets. The launch of its Mobilio MPV(Multi-purpose vehicle)Which was the first direct to the question raised by Maruti, through its new model, Ertiga.However, Maruti-Suzuki demonstrated with finesse and managed to have a good share in the market, eventhough it had only one launch,Celerio.
                       Both Maruti and Hyundai are preparing multiple products for the future segment to see that they do not bite the bullet in 2015-16. This would be a reply to Nissan Terrano. The next two years will witness many new introductions. Keeping in mind, the aspiration of the second or third time car-buyers, the car companies will inevitably, focus on the new shapes to suit the shape of the customer’s taste. The demand for new shapes, among the Indian customers, has evinced interest in the carmakers towards the Indian car market. The new demand of the Indian customers, has reflected the growing maturity in the Indian market.