New 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.
