Despicable Loans Boost Car Sales In India
Passenger car sales in India jumped 32 per cent year-on-year in January, boosted by easy financing terms and the economic recovery, an industry group said on Tuesday.
Car sales rise to 145,905 units from 110,300 in January 2009, according to data released by the Society of Indian Automobile Manufacturers (SIAM). “This is the highest-ever sales by the auto industry,” SIAM director general Dilip Chenoy told reporters. He said that “economic growth, reduced car loan interest rates and better money supply” were key factors behind the increase. Chenoy added that the year-on-year jump was partly due to low sales figures for January 2009, under the effect of the economic slowdown.
Major manufacturers including Maruti Suzuki, Mahindra and Mahindra, Hyundai Motor Company and General Motors reported record sales in January.
Total vehicle sales, including motorcycles and trucks, increased 45 per cent year-on-year to 1,114,157 units in January, the industry body said. Car sales are expected to double by 2016 from the current annual average of about 1.8 million units, according to industry forecasts. Market watchers expect Finance Minister Pranab Mukherjee tobegin reversing cuts in factory gate taxes, which wouldincrease prices of everything from soaps to cars, when hepresents the budget for the 2010/11 fiscal year (April-March).
International car makers including Volkswagen and Ford Motor Company have been expanding their local production facilities and introducing new models in India.
Passenger car sales in India jumped 32 per cent year-on-year in January, boosted by easy financing terms and the economic recovery, an industry group said on Tuesday.
Get The Latest Info on Personal Loans, Home Loans and Apply For Credit Cards with www.deal4loans.com
Market watchers expect Finance Minister Pranab Mukherjee tobegin reversing cuts in factory gate taxes, which wouldincrease prices of everything from soaps to cars, when hepresents the budget for the 2010/11 fiscal year (April-March).
About the Author
Working with a WRS Info India Pvt Ltd.
2010 Suzuki RMX 450Z
|
|
WARN 69336 Winch Rope – 5/32 in. x 50 ft. $24.34 Replacement Wire Rope 50ft., 5/32in. diameterThis Item Fits the Following Applications:2010 Yamaha YFM700 Grizzly FI 4×4 Auto2010 Yamaha YFM450FX Wolverine 4×42010 Yamaha YFM350 Raptor2010 Yamaha YFM350 Grizzly Auto2010 Yamaha YFM350 Grizzly 4×4 Auto2010 Polaris Trail Boss 3302010 Kawasaki KVF650 Brute Force 4×42010 Kawasaki KLF250 Bayou2010 Honda TRX680FA FourTrax Rincon2010 Honda TRX420TM FourTr… |
|
|
WARN 60917 Quick Disconnect Dust Cover $7.34 Dust Caps For Qick Connect PlugsFor 50 amp plugThis Item Fits the Following Applications:2010 Yamaha YFM700 Grizzly FI 4×4 Auto2010 Kawasaki KVF650 Brute Force 4×42010 Honda TRX680FA FourTrax Rincon2010 Honda TRX420TM FourTrax Rancher2010 Honda TRX420TE FourTrax Rancher ES2010 Honda TRX420FM FourTrax Rancher 4X42010 Honda TRX420FE FourTrax Rancher 4X4 ES2009 Yamaha YFM700 Grizzly FI 4×4 Auto2009 K… |
|
|
WARN 70917 Multi-Mount Winch Carrier Kit $71.13 Mount your new 25, 30 WARN winch (sold separately) to this carrier; the carrier fits into the front or rear multi-mount receiver (sold separately)To move the winch, simply unplug the Quick Connect power leads (sold separately), pull the hitch pin and plug the winch into its new locationDesigned to fit 2 multi-mount receiverThis Item Fits the Following Applications:2010 Yamaha YFM700 Grizzly FI 4x… |
|
|
Licensed Replica Diecast of the Suzuki RM-Z450 2010 Motorcross Dirt Bike 1:6 scale Die Cast Motorcycle $19.99 Measures 13.5″ across. Very beautiful Suzuki RM-Z450 2010 1:6 Scale Motorcross Dirt Bike by New Ray. Extremely detailed diecast collectible Motorcross Dirt Bike…. |
|
|
New Ray Suzuki RMZ450 2010 Replica Motorcycle Toy w/ Free B&F Heart Sticker Bundle – 1:6 Scale $32.99 Included free is the new Bold and Fearless Heart Sticker. Approx 5″ x 2.5″. Be Bold and Fearless with Ancient Chinese Scripting and space to add your name or title. 1 free sticker per item added. Finely detailed licensed die-cast replicas Window style box for display Some team sponsors may change therefore image could vary slightly in appearance … |
