India is a rapidly growing automobile market and is on its way to reach top of the chart globally in coming decades. The financial year 2010-11 (from April 1, 2010 to March 31, 2011) has witnessed a 30% strong growth in the Indian automobile industry over the previous year. The magic number of 30% is a very strong number for a developing economy, especially in a sector like automobile which is not used to of such high growth. As per SIAM (society of Indian automobile manufacturers) data, thee total sales of automobile companies has been 1.98 million units compared to the 1.53 million units in the year before.
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We have mixed feelings on this news, one side of us is happy to see growth and prosperity, other side is worries about the load on the infrastructure. We hope that the roads, infrastructure and most importantly, driving sense are improved on Indian roads to make India a better country. Trust me, it makes a lot of difference when you drive of road and reach your destination peacefully on time, it makes the life much less stressful.