The latest industry data on Wednesday showed that car sales in India have increased up to 21% in the month of November, as consumers were wooed by auto companies with their new model releases. According to a statement from the Society of Indian Automobile Manufacturers (SIAM), the cars sales last year was 133,703, which increased to 161,497.
Reports state that Indian car sales, from the beginning of the financial year in April to November, have increased to 32%, compared to the previous year records. The sales climbed after the middle class population started improving financially.
Global vehicle manufacturers like Volkswagon, Ford, Renault-Nissan and General Motors, are blooming in the Indian market, with the launch of new models periodically. These manufacturers have been successful in attracting consumers by bringing up the best Indian road friendly cars each time.
Analysts say that the easy availability of finance for new models, can also be considered as one of the factors that has led to an increase in car sales in India.