The Indian auto industry exhibited healthy sales in December 2009. Some of the companies announced double digit sales growth. Maruti Suzuki reported 37 percent increase in domestic sales for the month of December. The company reported that it had sold 71000 units in December. Hyundai Motors reported 42 percent increase in domestic sales in December. The company sold 47,217 units in December 2009 as compared to 38,502 units in December 2008. Mahindra and Mahindra announced an extraordinary increase of 22,754 units as compared to 10.253 units in December 2008, an increase of about 122 percent.
To capture market share and keep up the momentum, companies have announced new launches in 2010. Maruti Suzuki launched its new seven-seater family car in the auto expo in Delhi this year beginning. Toyota unveiled concept small car (Etios) which has been specifically developed for the Indian market. German auto major Volkswagen introduced its small car Polo and said it will launch sedan version on the same platform in the second half of this year. With many global companies entering the small car segment, we can expect the competition to be stiff. Amidst strong economic conditions that are currently prevailing in India we can be assured of good growth in auto industry in 2010.
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