Automobile sales in India in recent years have recorded a very high growth rate. This has been mainly due to the availability of more disposable income in the hands of the country’s middle class, along with easier access to various means of finance. While domestic car manufacturing companies have reported solid sales figures over the past few years, a number of foreign car manufacturers have also set up shop in India and are doing brisk business. However, the latest scenario has changed and the worldwide economic recession has negatively impacted vehicle sales within the country. Other factors such as the prohibitive prices of fuel have also discouraged people from purchasing vehicles to a large extent. Automobile sales within the country typically pick up during the festive season. Nowadays, the trend is more towards purchasing diesel vehicles due to the very high prices of petrol. Hide this