As per the information received from the Society of Indian Automobile Manufactures (SIAM), the details of production of cars during the last three years and current year are as under:
(In number)
2008-092009-102010-112011-12(Apr-Jan)
1519,26,48424,53,11320,03,954
According to SIAM, many companies are entering the market with plans to expand their operations and invest over a period of next three to five years.
the sale of cars during the last three years and current year are as under:-
(In number)
2008-092009-102010-112011-12 (Apr-Jan)
1215,28,33719,82,70215,74,847
34,41,7094,38,2144,15,965
However, in recent months, it is showing a decline.Factors like rising interest rates and hike in fuel prices among other factors, are affecting the growth of this sector.
Patel in a written reply in the .