The Indian car market is in a boom as it is growing in an unprecedented rate. Automobile companies from all over the world are coming in full force to launch their latest car in India. Before this period of boom, in the 90's the Indian car market was not competitive as the demand for cars was low and cars were for the privileged few in the country.
As soon as the Indian economy was liberalized, many multi-national car companies came to explore the market. The Indian economy then experienced a high increase in new car models. This was due to the growing purchasing power of India and thus, the demand for cars increased. The Indian market soon became competitive and grew in leaps and bounds.
Top cars makers such as Honda Hyundai, GM, Audi, Mercedes Benz, BMW cash in on the growing Indian market. Car sales went on the rise like never before. With competition and high demand during the market, car companies have no choice but to produce better products with affordable prices. For this Multi-nationals companies, it was a big success and some of the top selling brands of cars are Honda City, Honda Civic, RR Phantom are doing well in the market.
In spite of the rise in the growth of the car market, it is like a drop of water in the ocean considering the Indian population. The market is yet to be explored. However, competitiveness of the market is making companies bring out the best of cars. Nowadays, Maruti is India's biggest car company followed by South Korean company, Hyundai as the no 2 in the highly competitive market. Indigenous car companies such as Maruti, Tata, and Mahindra & Mahindra are producing quality cars that can not be ignored. In the recent days, Tata Motors took the world by surprise as it rolled out the Tata Nano which was recognized as the lowest price small car in the world. This is an eye opener that the Indian auto market is highly innovative and creativity. Little wonder, the Indian car industry is rated as the fourth largest exporter of automobiles in Asia. Just behind Japan, South Korean and Thailand. In 2008, India was the ninth largest car market producing a volume of2.3 million units. As more car companies come to launch their brand the undoubtedly is making the India economy grow really fast.
In February 2009, many car makers had record sales figures and despite the increase in car prices, the figures keep increasing. Top car companies like Hyundai, Tata Motor, Maruti Suzuki, Honda, Ford and Gm make up over 90% of cars sales in India. The sales of passenger cars of these companies’ roes by 19.3%bin March last year. Before the Union budget, there was boom in the India car market; the buyers anticipated the effect of the budget bought more cars in February 2009, making the sales figure rise to 34%.Bearing in mind is the increase in steel prices, the manufacturing cost of cars is likely to increase. There is a projection after the 1st of April, car prices are going to increase, and buyers stormed the showrooms to buy cars before the price increase. Toyota on its part raise its prices of Corolla, Innova and Fortuner models from Rs5000 to Rs14000.Maruti Suzuki increased prices for A-star, Ritz, Estilo, Omni, Swift, DZire and SX4 models from between Rs1000 and Rs7000.
Having studied the market, experts say that there will be an overall growth in times to come but it may be at a relatively lower rate. Though there are fears that there will be increase in the interest rate, the car industry will not be really affected. For car maker Maruti, they had an increase of7.7% in March at 79,530 units. In the year 2008, it sold 73,855 units at the same period. They have also become the only Indian car maker to reach the one million unit sales in a year. Their export increased too from 70,023 units 2008/09 to 147,575 units during 2009/10.For Hyundai, they had 27.3% growth in March 2010 with 31,501 units in sales compared to 24,754 units sold the same period in 2009.They record the highest domestic sales figure in their companies history. Tata Motors growth was 17.4% at 27,761 compared to 23,649 units sold in March last year.
At this juncture, I just want to focus on a few popular and highest selling cars in India for 2010
1. Hyundai Santro
Hyundai is new in the market compared to others. It entered the Indian market in1990's with attractive launch of Hyundai Santro. It captured the Indian car market and recorded the highest selling car for 3 years consecutively. Its mileage is 16 km/litre despite having an engine of 1200cc capacity. Initially, the car was costly but price went down due to stiff competition from the Hindustan motors and Maruti Suzuki.
2. Maruti Alto
Maruti group commenced their operation in India group of Japan. They were market leader not until Suzuki got a huge amount of the market share with its launch. Things took a good turn, when Maruti Alto in 2005 launched its famous car ALTO and captured the current Indian market. The price is cheaper than other and it has a mileage of18 km/liters and an engine of 800cc.It also has superb stylish interiors and exteriors making the toast of car users in India.
India is fast becoming an automobile power house to reckon with. Owing to the fact that they have a strong engineering base and manufacturing practically they know how to produce cost effective cars with economic fuel consumption. Many of the car companies like Nissan, Toyota, Maruti Suzuki has expanded their production facility. Nissan is considering exporting 250,000 cars produced in India while by 2011, GM may export about 50,000 cars produced from its own facility in India.
3. Chevrolet Beat
Beat is a compacted car launched by the General Motors. The car has smooth blueprint & trendy looks. It was introduced into the market at the Auto Expo in Delhi in the month of January 2010. This car has an overall lengthwise measurement of 3640 millimeter, overall breadth of 1595 millimeter & overall altitude of 1520 millimeter. Chevrolet Beat is car whose wheelbase is 2375 millimeter, whereas ground clearance is 165 millimeter. It is a five door car which can sit five people. It provides an excellent mileage of 18.6 kilometer per liter on national highways & an overall mileage of 16 kilometer per liter.
4. Hyundai I10
Hyundai I10 is the best car for the family as it is between the sizes of Honda Smart & Honda Fit models. It has wheel base of 140.4 inches which is longer than the Honda Smart car by thirty four inches & smaller than the Honda Fit car by twenty one inches. In accordance with the most up-to-date 2010 Hyundai i10 reviews, critics have told that if it becomes heavier than the actual one, it would be more fine-looking. The tugging capability of the car must be upgraded to four hundred lbs too so that it can drag more people.
5. The Volkswagen Polo
The Volkswagen Polo is laid out in a commonsensical way, as a result that whatever figure or size you are, you can squeeze in happily. The most excellent feature is the 1.4 litre engine; as if you go for something less than this you will experience lots of sound when driving in a hurry. The 1.4 liter engine is cost-effective on fuel & gives a much pleasant & silent drive. Volkswagen's brand name helps their cars maintain their worth, as they are branded to be high-quality, lifelong cars.
6. Tata Indica
Tata Indica was launched in India in the year 1998.As soon as this car was into the market, Tata Motors were know to be the leaders for passenger car industry. Tata Indica is available in diesel as well as petrol variants. It has Stylish teardrop head lamps, Gas filled shock absorbers, Body colored rear view mirrors & door handles, high mounted bison tail lamp & lot many electrifying features.
I think I have covered most of top selling cars in India for 2010 in this article, Consumer behaviour of Indian automobile Industry always changes very frequently so before latest models come into the market grab your dream car and get rid of your old car by posting a free classified ad for used cars.