India’s auto sector grew second fastest globally in 2009-10
September 25th, 2010 - 7:03 pm ICT by IANSNew Delhi, Sep 25 (IANS) India was the second fastest growing automobile market in 2009-10 and is expected to grow further in the coming years, a senior official said Saturday.
“We are confident that the high growth rates shall continue in future also as most of the primary demand drivers like level of vehicle penetration, growth of the economy are all favourable,” Heavy Industries and Public Enterprises Secretary B.S. Meena said.
He also said that the country’s automobile sector is putting in greater emphasis on adopting new technologies like advanced engines, hybrid vehicles and a shift towards electric mobility.
“India is putting greater emphasis on adopting latest production technologies and also the technologies used in the vehicles especially more advanced IC engines, greater emphasis on hybrid technology and a shift towards electric mobility,” Meena added.
- Government planning mechanism for low-emission vehicles - Sep 25, 2010
- For automobile industry, budget is in neutral gear - Feb 28, 2011
- Digital lifestyle brand Belkin launches 24x7 helpline in Hindi - Nov 22, 2011
- Auto industry moving towards green and mass mobility vehicles - Aug 25, 2010
- Innoz bags MIT award for telecommunication - Apr 04, 2011
- Mahindra launches hydrogen-powered three-wheeler - Jan 09, 2012
- India's data services market at Rs.11,800 crore by 2012 - Apr 21, 2011
- Hardware and manufacturing segment to be strengthened: Sibal - Dec 09, 2010
- EU to ban 'Conventionally fuelled' cars from cities by 2050 - Mar 29, 2011
- Bharti Airtel gets license for 2G, 3G services in Rwanda - Sep 08, 2011
- Air hybrid vehicles could halve fuel consumption in future - Feb 08, 2011
- India is now seventh largest vehicle producing country - Sep 13, 2010
- GM India to launch six new models in two years - Feb 12, 2011
- Nanowick at core of advanced system to cool 'power electronics' - Jul 23, 2010
- India's spending on green IT to double by 2015, says report - Sep 19, 2011
Tags: auto sector, automobile market, automobile sector, demand drivers, economy, electric mobility, heavy industries, hybrid technology, hybrid vehicles, India, meena, New Delhi, penetration