With the growth rate of around 39.5%, the car sales in the Indian passenger car market have been the best in the decade so far. Banking on factors such as easy availability of finance and rising disposable income coupled with the slew of new launches announced by the automakers in the Indian market, the car sales have been on a rising spree for many past months now.

Vishnu Mathur, newly appointed director general of the Society of Indian Automobile Manufacturers (SIAM), said that the growth is expected to sustain in the coming times.

Notably, the margins are the one thing that will be disturbing the automakers in the coming times. With the rising input costs and tight competition, it is believed that clocking high numbers will be a cake walk for any auto major in the Indian market in the times to come.

In fact, with already three rounds of price hikes announced in this year, experts are of a view that it may give a short term blip to the industry but are confident of a glorious long-term growth story.