Car & bike sales in top gear

Automobile-IndustryWhile there are hurdles in the path of the Indian automobile industry but it has been able to successfully overshadow it month after month by posting record sales numbers.

In fact, the country's largest passenger car maker, Maruti Suzuki has recently announced its highest monthly sales in the domestic market in July as car and bike sales continued to cruise in the country.

In fact, it is to be mentioned here that with the festival season about to start and good monsoon rains underway, it is believed that the industry will see a lot many months like the few gone by in the coming times.

Moreover, the month of July was very important for Hyundai as the company was able to regain its position as the country's second-largest carmaker ahead of Tata Motors as its sales increased 24% in July.

Abdul Majeed, auto practice leader at PricewaterhouseCoopers (PwC) said that as the raw materials price is beginning to soften up in the domestic market and a good monsoon is already underway, that the coming months will bring more glory for the industry as a whole.