Vehicle sales Growth Pushing Auto Parts sector in Top Gear »
By Admin on May 19, 2011
Even as some industrial segments of the Indian economy continued to post a negative or flat growth in August 2009, the passenger vehicle makers have ended the month on a positive note.
Net profits of the auto manufacturers and dealers moved up as sales volume of the domestic auto industry continued to grow for the seventh consecutive month in August. Resultantly, the surge in domestic auto sales in the said month also brought cheer to the domestic auto components sector, raising its hopes of witnessing an even much better performance in the ensuing quarters of 2009-10.
Beginning of the end to recessionary trends
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