Automobile growth intact

Automobile sales continued its robust growth momentum in November 2009 on account of strong demand environment, which is also driving the success of newly-launched products by automakers.
Traditionally, the sales volume in auto sector slows down after the festive season, however in the current year, the volume has remained intact for major automakers such as Hero Honda Motors and Maruti Suzuki India, which speaks about buoyancy  in demand.

Passenger car leader Maruti Suzuki reported a boisterous 66.6% y-o-y growth in its total sales volume for November 2009. In the two-wheeler segment, market leader Hero Honda’s sales volume for the month grew by strong 31.8% yoy.