The ascendency of India as an economic world power

Indian economy is growing fast and the demand for cars is only increasing in India. So, major car companies are delighted with the possibility of increasing their sales in the Indian market. Honda bosses are in an expanding mood right now. They are expecting a healthy growth in car sale in India in the current fiscal year.

Live Mints wrote:

Anticipating 15% growth in automobile sales, Honda Siel Cars India has confirmed that it aims to sell 70,000 cars during this fiscal compared to 60,000 vehicles sold last year in the country.

“We are expecting 15% growth, matching with the industry growth, in sales in the Indian market and (will be) selling 70,000 cars this year,” Honda Siel Cars India national head (sales) Arvind Bhatnagar told reporters here.

To increase its penetration in the Indian market, Honda would open 18 more outlets in several parts of the country.