Worst Is Not Over For Indian Automobile Industry

While world market is still trying to get out of recession that hit 3 years back, worldwide market is showing sign of acute nervousness. Rise in fuel prices and rising inflation is making Automobile market a bit nervous. Recent stats released for July by SIAM shows decline of 16% in sale of cars as compare to last year. This is a big fall in passenger car sale figure since year end 2008.

Automotive market research agencies have also released some reports which show sign of worry for Automobile industry. High interest rates and rising fuel prices will keep buyers away from buying which is indeed a big worry for Indian automobile industry.

Indian automobile giant Maruti Suzuki sales figures tells it all. According to marketing research report the company had a drop of 26% in sales figure which is falling hard on the company with already facing steep competition.

Automobile marketing research reports say, however sale of passenger cars went down but there was rise in total vehicle sales. Below graph will illustrate the comparison for last four months.

For more updates on Automotive market research reports visit www.vc-india.com.