Auto Expo ends with optimism over revival in demand for cars
Feb 11 2014 , Greater Noida
The week-long show witnessed 70 unveilings, of which 26 were global models. A total of 5.61 lakh people visited the show, with 90,000 attending on the last day.
The previous edition of the expo held at Pragati Maidan in New Delhi in 2012, attracted 7 lakh people.
"We had our qualms before the show but it has turned out to be much more structured compared to the ones we had at Pragati Maidan before. It is very well laid out here, with almost international standards and people could experience all the stalls in a better fashion," Maruti Suzuki India Vice President (Marketing) Manohar Bhat told PTI.
With the expo being held when the auto industry is struggling with declining sales, he said: "The positive response we have received here from the people gives an indication to the industry of what of lies ahead."
Expressing similar sentiment, Society of Indian Automobile Manufacturers (SIAM) Deputy Director General Sugato Sen said: "The 70 unveilings/launches that we witnessed during the expo will excite the market. Let's hope that we will be able to reap the harvest of what we have sown."
Car sales in India fell for the fourth straight month in January, declining 7.59 per cent and prompting SIAM to seek government support in the upcoming interim Budget.
According to data released by SIAM, auto companies sold 1,60,289 cars in the domestic market last month compared with 1,73,449 units a year earlier.
Annual car sales in India declined for the first time in 11 years in 2013, posting a 9.59 percent dip, as the auto industry reeled under a prolonged demand slump due to the economic slowdown. Buyers were deterred by rising fuel prices and high loan rates.
Asked if the India Expo Mart here would become the permanent venue for the Auto Expo, considering the positive response from both exhibitors and the general public, Sen said it is too early to finalise a decision on that.
Among the key launches at the show was Maruti Suzuki's hatchback Celerio, which boasts of an automatic gear shift and is priced between Rs 3.9 lakh and Rs 4.96 lakh in Delhi.
The company also unveiled two concept models -- Ciaz sedan and the crossover SX4 S-Cross -- to meet growing demand for sedans in India, China and elsewhere.