Auto industry likely to cross 10-million unit mark in FY10, grow at 22.6%

摘要

The automobile industry is fast galloping to cross the 10 million unit mark. If average sales of the last 10 months are to be considered, then the total domestic industry will end the current financial year at 1,19,22,677 units, which will be a grpwth of 22.6% over 2008-09. While this is much higher than the earlier conservative growth estimates of 10% by the Society of Indian Automobile Manufacturers (SIAM) at 1,06,95,730, as reported it will be record sales after two years.