Monday, March 2, 2009

CHEER UP !!! Auto Sector...





It seems the bad days for the Indian Auto Sector are over.


Sounds MUSIC to your ears?


It's Today's News Byte: Sales of two-wheelers and cars have picked up in the month of February. We could see it coming, largely because of the Public Sector Banks opening up in extending loans and also the reduction in excise duty by 4% in the month of December. Another plausible explanation for a jump in the sales of automobiles in India seems to be the as a result of lower interests rate which are attracting those customers who were earlier reluctant to go for a vehicle purchase because of the high financing cost.


With the exception of Bajaj Auto every other prominent two-wheeler player in the market posted double digit growth figures in the month of February with Hero Honda recording a phenomenal 24% growth in sales taking it to 3.29 lakh motorcycles and scooters.


The month of February seemed to be a good month for the Indian Auto Industry and it seems that things are going to improve from here on since people who were holding it back because of expectations from the Union Budget are now going to most certainly go ahead with their decisions in the wake of the Post-Budget UPA Farewell Bonanza of a 2% cut in Excise Duty.


We just hope that it carries this way, not just for one sector but for all the other important sectors of the economy as well. This is one good news in the wake of the on-going global economic meltdown.


Check out your Dream Buy on http://www.surfindia.com/automobile/


So what are you waiting for? Go! Get it.

6 comments:

Pied Piper March 3, 2009 at 4:27 AM  

This is good. Thank you.

Raghav March 4, 2009 at 1:08 AM  

"It seems the bad days for the Indian Auto Sector are over"

completely agree with this statement, yes i too feel the same way that Indian roads are changing very fast

anamika March 4, 2009 at 3:38 AM  

Waooooooooo.... nice bike.

Neha March 4, 2009 at 8:51 PM  

Gear up guys...the Auto Sector is again ready to vrooooooooom......!!!

Nix March 4, 2009 at 10:11 PM  

Auto sector sales may have picked up, but the traffic situation is getting worrisome with each passing day. I wonder what will happen after the launch of Tata Nano expected on 23 march. The present market conditions have pulled down the lending rates. Many companies have also been offering attractive discounts. Probably that's why it is considered to be the best time to buy a car.

Saraniya March 4, 2009 at 10:23 PM  

Stunning bike man...............


  © Blogger templates The Professional Template by Ourblogtemplates.com 2008

Back to TOP