It’s no secret that India is a big car market, with the country currently accounting for more than two-thirds of global auto sales.
That makes India’s automotive industry one of the most highly regarded in the world, and one that is booming.
But as the country’s economic growth continues to rise and car sales grow, so too does the demand for new cars.
And that demand has been growing, with sales jumping nearly 50% year on year between July and September last year, according to the latest numbers from the National Automobile Dealers Association.
While the auto industry has seen some significant growth over the past few years, this growth has been driven largely by a few key factors, including the fact that many Indian consumers are now willing to pay more for the privilege of driving a new vehicle.
According to a report by market research firm IHS Automotive, the average price for a new car sold in India last year was $17,100.
That was up 20% on the previous year.
But with the average cost of a new motorbike coming in at just $1,100 in 2017, the trend for car buying in India has been on the rise.
In addition, there’s been an increase in the number of vehicles sold in the country, as Indian auto manufacturers have been trying to diversify their portfolios.
With this in mind, car makers have been aggressively selling new cars in India to entice consumers to buy the cars.
The Times of London reported last month that India’s car industry has witnessed a surge in demand for the first time in almost a decade.
In addition to the increase in demand, the Times also reported that India has seen a spike in car-related traffic fatalities, with nearly 7,000 people killed on the roads last year.
As India continues to diversification its car and auto industry, the country has also seen a surge of interest in new vehicles in India.
While new cars have been seen in the spotlight in recent years, there have been a few new developments in the past couple of years.
In June, a new version of the Tata Nano, dubbed the Tata Spark, was launched by Tata Motors.
The new vehicle was reportedly built in India, and it has been available to the public since May.
On September 4, the Indian government announced the first ever “green vehicle,” a hybrid electric car called the Nano.
The Nano is a “high-performance hybrid electric vehicle with a range of 200 miles and a battery capacity of more than 1,000 kWh, all at a cost of just $18,000,” according to The Times.
It’s a new concept for the Indian auto industry.
In an interview with The Times, the CEO of Tata Motors, Nandan Nilekani, said the Nano is an “exciting and exciting vehicle.”
The Nano has been in development since early 2016.
In the last two years, the Nano has gained significant traction, with more than 300,000 reservations for its electric car.
In April, Tata Motors also announced a partnership with Tata Motors India Limited to produce a hybrid version of its Nano, called the Tata Power, in India this year.