The global recession has disturbed the domestic car sales in the recent months. Its true that every black cloud have a silver lining. The silver lining is brought by the export sales amid the gloomy cloud canopying the car industry. Ironically, even during this time of downturn, the overall export sales went up with an impressive percentage of 61.8 in November this year.
November experienced a export of 146,337 units compared to 90,398 units in same month last year. Passenger cars played a primary role in whooping the export figure which recorded a sale of 34,607 units in contrast of 15,464 units last year in the same period. The Korean car major Hyundai Motors witnessed a sale growth of 28,500 units from 9,898 units. Also, the Indian car leader Maruti Suzuki’s sales raised from 4,382 units to 4,920 units.
Whereas, the domestic sales has been affected in a big way forcing many car manufacturers to cut down their production capacity. Most of the car manufacturers have announced discounts and schemes with their car models with a hope to boost the car sales. Though these strategies have helped them to some limit but then they are still not able to revive the sales figure. Now, they are banking on the coming New Year to bring some fortune along with a fresh new dawn.
But till what I have heard car market has faced a severe fall down. How can car export at this time be good when the entire market is facing a tough time to boost car sales?
Yes, despite of the falling car market, the domestic market has recorded good numbers of car export. Many car companies in US have started contacting auto components manufacturer in India to beat the credit crunch and get sufficient funds for their own companies. The production of cars had to start to revive the falling market.
Good, every uphill has a downhill too, this is what the export rate shows in auto industry. though the global auto industry is badly hit by recession, in the domestic scenario, many have gained and reached a satisfying target..
Your blog post caught my eye. Thanks for posting this information.
If you’re still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you’ll know which is right for you.