Indian Car Sales on the Up

Canvey Carriage Company were today reading about a modest pickup in the number of car sales in India so far this year. After two years of decline, analysts have said they can see a very slight recovery coming in the aftermath of the country’s general election.

In the last financial year, car sales dropped by 5%. This fall came during a period that many are calling the worst period in India’s fledgling auto sector. It comes after a 7% fall in the previous year. However, car sales are expected to increase now that India’s annual economic growth is headed back to 7-8%.

Experts are saying that 2014 won’t be nearly as bad as 2013, but that’s largely because 2013 was a terrible year all round. However, much of the predicted recover depends on the outcome of the election. It is felt that a stable government can do wonders for the economy.

If you’re interested in a quality used car, contact Canvey Carriage Company for details of our full range. You can visit our website or call us on 01268 690015.