Automobile India - jumps of January

According to data Automobile Association of India announced on 9 / 2, months before the manufacturer has sold 184,332 cars compared with 145,971 in January last year.

In January, sales of Maruti car manufacturers leading the market in India, a subsidiary of Suzuki rose 20% to 84,318 vehicles. Maruti car prices increased from an average of 22 USD to 220 USD from rubber and steel price increases.
Sales still growing despite its price of Maruti Suzuki India, Hyundai Motor Co. and Volkswagen AG to offset soaring input costs. The company produces sport utility vehicles Mahindra & Mahindra top sales price has increased to 2.5%, while Tata Motors, the Indian carmaker's largest, had to raise prices of commercial vehicles from 33 USD to 660 USD and increase the price from 66 USD to 330 USD for passenger cars in January
Revenue passenger cars and trucks in January rose 13% to 60,753 vehicles. Tata Motors sold 35,831 commercial vehicles, up 15%, while Ashok Leyland company reported sales fell 8% to 6,880 vehicles.
Indian auto market has prevented erosion of the impact the global economic crisis better than other countries through the launch of new car models and bank lending to support people buying cars .
Companies like Ford Motor, General Motors and Nissan Motor are expanding investment in India to offset the decline in traditional markets like the U.S. and Europe, while the Maruti portfolio expanded to increase competitive.
Consulting firm J.D. Power and Associates forecasts the Indian market will continue to grow.
Darius Lam market analyst senior JD Power said "We believe that the Indian automobile market will set more new records in 2011," thanks to economic growth, personal income growth and expanding national transport network. He hoped that the total sales this year will reach 3.16 million vehicles, up 17% over 2010.
However, Sugato Sen, director of the Association of Automobile Manufacturers said that the bank interest rate increases, cost of materials can cause explosive economic growth, financial year 2011, only modest.

India's central bank has increased short-term interest rates seven times in the past year, is expected to implement tight monetary policy further to combat inflation is high.
Interest rates for commercial credit, recently started to increase, the current cash in the banking system started deficiency.
Mr Sen said, however, in February, many people still buy cars by the psychological fear prices will escalate in March after the government launched a new budget plan. "People expected a special consumption tax will increase (to increase the federal budget) will cause significant price increases.
Mr. Sen also made the comment in the short term, India's car exports may decline, the recession in Europe. "We have set a target of exporting more than 500,000 cars this year ... But I think that may be difficult to achieve.
Passenger car exports during the financial year from April to January next year could drop to 358,583 from 369,180 last year.
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