Question

why there is a sudden boom in automobile industry in India

Answer 1

Today, vehicles are in great demand between all segments of society. With to huge demand of vehicles, automobile industry is the fastest growing industry all over the world. Automobile industries play a vital role in economic development of any country.

Every week a new model of car or bike has been launching to accomplish the requirement of buyers. Various automobile manufacturing companies are in the market, which provide a lot of vehicle according to the requirements of different segment of peoples. Automobile companies are offering various products according to users budget. Gone are the days, when one had to wait for their dream vehicles. Today, it is not difficult to buy a dream vehicle because of various financial institutions. Many banks are providing loan and converting your dream into reality. Buyer needs to pay some extra money as interest rate for that finance amount. This amount depends on various factors such as buyer's credit past, finance amount, loan period and the term and conditions of financial institution.

Answer 2

Exactly,well asked.
let me make you aware of the some facts first.
Since India is a country where people care of their budget as well they adapt accordingly.We all know that there is huge rise in the prices of petroleum and diesel.For the same day by day it is increasing .That is why people are not taking much interest in buying vehicles and if someone buys then that was post-planned and the main thing is that some people avoid themself from buying for now.They wait for a lower and permanent price.