Riding on the back of factors like easier availability of finance, expanding economy and aggressive product launches, the Indian automotive industry has been able to post an impressive growth of close to 25% in the first three months of the financial year.

According to the industry body, Society of Indian Automobile Manufacturers (SIAM) the first quarter of 2010-11 may prove to be the most impressive quarter for the financial year, as the body expects the growth to be around 10-18% mark for the next three quarters.

Moreover, SIAM further said that the car sales in India rose an annual 30.8 percent in June as the firms sold 141,184 cars in the month, compared with 107,948 units a year ago.

However, analysts are of a view that the commercial vehicles segment will post a higher growth in percentage terms in the financial year due to the low base effect.

In fact, the sales of trucks and buses, which is mainly considered as a barometer of economic activity, rose by 44 percent standing at 52,211 units in the month of June this year.