Battle Of The Ford Figo And Chevrolet Beat

We now have a clear indication that India is no way behind when it comes to the automobile industry. Even during the first quarter of 2010, Hyundai Motor India Ltd, the country's second largest car manufacturer and the largest passenger car exporter recorded record sales of 162,273 against 121,565 units for the same period in 2009. Nissan Motors India had plans of exporting 250,000 cars produced at its plant in India by 2011 and has even succeeded to a great extent. Meanwhile, GM too has announced its plans of exporting nearly 50,000 cars manufactured in India by this year.

The dynamics of Indian Automobile Industry is poised to change with almost 50 new models or facelift models are expected in next 12 months. With the market share tilted towards Maruti Suzuki commanding over 40% of passenger car market in India. With new models coming in, the presence of American and European car makers like Volkswagen and Skoda will enhance the market share as a part of business strategy.

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