The growth of Indian economy has had its impact on the Indian automobile industry with many foreign car manufacturers entering the Indian automobile market.
Higher incomes and better life styles have also led to the entry of many new India cars . Some visible instances of high-end automobile companies, which have entered the Indian automobile scene, are Bentley, Rolls Royce and Maybach.
This is a big leap from the recent 80’s, which showed only a handful of cars like Premium Fiat, Hindustan Ambassador and Maruti 800.
The Indian car bazaar has matured beyond expectations in recent years. A variety of automobiles are to be seen on India roads and this variety seems to increase as years pass.
Indian car manufacturers have collaborated with big automobile names of international stature such as Ford to launch new cars.
Some of the other famous Indian cars that are indigenously developed and imported by manufacturers (companies) of Indian origin are the Ford Icon, Maruti, Hyundai, Honda Accord, Honda City, Fiat Palio, and Esteem.
Indian roads are abounding with new cars like Tata Indica by Tata Motors, SUVs, Bolero and Scorpio by Mahindra and Mahindra.
Hyundai had made a hesitant entry into India by signing the famous Bollywood actor Shah Rukh Khan for their advertising campaign after which others followed suit in this famous trend of signing actors and actresses in order to advertise foe their automobiles. Now, they are second to Maruti with famous models like Santro, Sonata, Verna, Accent, Getz, Tuscan, Elantra and Terracan.
Used cars still have a big market in India. Second hand cars are bought and sold all over the country by known car dealers and individual businessmen. Scrapping and recycling of cars is done on a very small scale because of this.
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