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Auto Industry Relies on CHINDIA
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ShareCHINDIA Continues to Lead World Auto Industry Out of Slump
Indian sales of cars were up for the third month in a row, being up 4%. Lower interest rates and government stimulus continues to drive growth. Suzuki sales were up 8%, and is the fastest growing brand in India. Consumers are fuel-price sensitive. Trucks and buses were down 11%, while motorcycles were up 12%.
Chinese sales were up 37%, driven by tax breaks to promote smaller cars. China is now the largest new car market in the world.
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| Market Summary | Feb 10, 2012 02:38 am ET |
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