Even amidst recession the Indian car industry has witnessed a good growth. When the global car markets are experiencing slop under the clutches of financial meltdown, the Indian car market seems to be headed towards positive scale.

Many new car models and variants were launched this year proving to be mascots for the car manufacturers. The Indian car market was dull for more than eight months but as every dark cloud has a silver lining, the slagging car market too bounced back with impressive sales. The February sales rose to double digits.

Surprisingly, India’s leading car manufacturer Maruti Suzuki reported a jump of 20 percent in sales in February in contrast to last year. International car giants like General Motors and Ford too saw high sales figures in India while they are struggling with the Japan and the U.S. markets.

Luxury car manufacturers are also happy with the Indian car market and want to expand their networks in the country despite the global downturn. For instance, Mercedes-Benz India has registered a growth of five to six per cent compared to the other countries. Seeing the market potential, Rolls Royce and Bentley are planning to foray the Indian car market with their upmarket cars.

It is learnt that this was possible due to the strong government’s support that ensured excise duty cut by four per cent, lower interest rates on car loans, and easy export operations. India proved itself globally that even at the time of downturn, it is sanguine and capable to withstand the crisis.