As per various analyses, the auto growth this new fiscal would come from new vehicle segments and small towns.

The Society of Indian Automobile Manufacturers (SIAM) says that in two-wheelers, it's the below 125cc entry level bikes and gearless scooters that are seen holding forth.

And in passenger cars, though small cars would continue to account for a bulk of all purchases, the arrival of the Tata Nano is unlikely to change market dynamics drastically at least in the next 12 months.

In commercial vehicles, the small LCVs -- sub 1 tonne vehicles in the Tata Ace category -- are expected to generate growth.

And the pleasant surprise is that for almost all vehicle categories, rural areas, small towns and new cities are expected to provide the much-needed sales stimulus.

SIAM also says that despite the overall gloom, the $19 billion incremental investment expected in the automobile sector by 2010-11 is on track.

Meanwhile, as per SIAM data, the passenger vehicle segment grew 0.13% last fiscal. But utility vehicles decline by almost 8%.

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Posted by Nilakshi Handique on 9 April, 2009 3:02:37 PM IST #