India has growing middle class population approx 300 millions with increasing purchasing price .There is soaring demand of automobiles as we see a new entrant in Indian Automobile scene be it Volvos , Toyota, Ford ,Bmw ,Suzuki , Honda , Hyundai , Fiat , Mistubshi , competing with local manufacturers like tatas ,mahindras. Indian auto industry is just in its intial phase .Tata s has recently launched a cheapest car under usd 2500/- to cater for low cost cars .Heavy Vehicle markets have few players where we can see more foreign players.With Improvements in infrastructure and growth we will see this demand soaring up.

Asker's Rating:

Permalink | Report