When I saw the headlines, 'Robust Car Sales in March' in the website of India Daily I remembered that 15-20 years ago car was considered to be a symbol of being rich in India. Now owning a car has literally become a piece of cake for the middle class people in India. Several factors have contributed in the growth of car sales in India along with the rising income of the middle class people due to Indian success in outsourcing:
Getting auto loan has become easier. 85% of the Indian cars are sold through a financed package (the world average is 70%).
More cars are made in India
A cut on excise duty in the budget of this fiscal year has helped to boost the sale of cars.
Finally, the mind set about owning a car among the Indian middle class people has changed radically within one decade. In busy city life, owning a car has become a necessity.
If you are a sales staff of car and you just lost your job then consider sersiouly of going to India
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It is good side of India that they got success by creating their own car in their own country. For developing in ICT sector and outsourcing sector, people reached in good situation. For this reason, motor companies got consumers. Selling of car increased rapidly. It was easy for middle class people to buy a car.
Unfortunately, this scene has changed in India for current global economic recession. Now people are feeling worry about their jobs. Already, several employments have lost their jobs. As a result, people are not ready to lead a better life like before. As there are less consumers, it is not good time for motor companies of India.
Posted by: Sabrina | February 4, 2009 10:54 AM | Permalink to Comment