The Indian Automobile Parts Industry Association announced on the 18th that in 2009 (April 2009 to March 2010), the total sales of the domestic auto parts industry in India increased by about 20% from the previous year, reaching approximately US$22 billion.
The domestic automobile sales situation in India is very good, and manufacturers have expanded their production capacity, and the demand for parts and components has also risen. The industry association said that auto parts sales continued to grow at a high rate from April to June this year, and sales this year are expected to increase to approximately $26 billion.
India is welcoming the transition period of car popularity. After the global financial crisis broke out, the country’s car sales were once sluggish, but recovered in a short time. In 2009, India’s new car sales (including commercial vehicles) reached 2.48 million units, a record high.
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