Saturday, February 4, 2012

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN





About 2point6billion.com

2point6billion.com discusses investment news and events from the emerging markets of Asia - including India, China and the ASEAN countries. It is produced by the Asian foreign direct business advisors at Dezan Shira & Associates from their offices across emerging Asia.




India’s Car Sales Jump 32 Percent

Feb. 9 – Indian domestic passenger car sales increased 32.28 percent to reach 145,905 units in January from 110,300 units during the same period last year, based on figures provided by the Society of Indian Automobile Manufacturers (SIAM).

Motorcycle sales in January also increased by 43.69 percent to 650,633 units, compared with 452,809 units in the corresponding month last year. Two-wheeler sales also increased by 43.43 percent to 834,383 units from 581,729 units in January last year.

According to SIAM, the sales of commercial vehicles increased by more than two-fold during last month to 53,447 units from 23,154 units in 2009. Total sale of vehicles across all categories increased 44.94 percent to 11,14,157 units in January, against 7,68,698 units in the same month in 2009.

Indian auto sales have been robust due to its recovering domestic economy and government stimulus measures. Maruti Suzuki, India’s largest passenger car company accounting for more than 50 percent of the domestic car market, has released a humorous advertising campaign found here.

This entry was posted in Business. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF