The economy of Hyderabad has been doing really well in recent times due to Hyderabad's resurgence as an IT destination. As a result, the Indian automobile market in Hyderabad is growing by leaps and bounds. Owning a car in Hyderabad is par course now and every month witnesses the launch of a new car in the city.
Reason behind demand for cars in Hyderabad:
Hyderabad is showing the common trend of upward mobility among the middle classes, like all the major cities in India. The main reason behind such mobility is the immense growth of the IT as well as the ITeS industries. Reports say that nearly 31,854 cars belonging to different brands have been sold in Hyderabad in the last year! The most important driving factor behind the purchase of cars in Hyderabad is the quick availability of car loans at competitive rates of interest.
Manufacturing plants in Hyderabad:
M/S MLR Motors has plans to set up a vehicle manufacturing plant in Hyderabad with a view to produce diesel cars by 2009. Lately, several plans were hatched by the car company Volkswagen to establish its own manufacturing unit at Aganampudi, Hyderabad. However, this never saw the light of day due to infrastructural issues.
New launches in the Hyderabad automobile Industry:
The latest launch in the automobile market in Hyderabad is Zen Estilo. Hyundai Motors India has also launched the CNG Santro which can be driven on both, petrol and CNG. The CNG kit will be available from Minda Auto Gas. It is also available in other variants such as XL, XO, and so on. It is also Euro-III compatible.
Chevrolet Optra Magnum is another recently launched car in Hyderabad from the General Motors stable. It is available in a price band of ` 8.74-9.99 lakh. There are 3 variants of Chevrolet Optra Magnum. Maruti Suzuki has also launched the SX4 model in the Hyderabad car market in the hopes of a good response. It is priced at nearly ` 6.89 lakh, has 2 variants - Vxi and Zxi, and is available in a variety of colors. Volkswagen has also entered the Hyderabad car market with its premium luxury car - Passat which comes equipped with a number of facilities such as anti-brake locking system and dual air bags. Volkswagen is also going to launch the VW Passat with more facilities such as rear and front parking sensors, multi-function steering wheel, and so on. Renault is soon to launch Laguna in Hyderabad. It will have a special feature of a 4-wheel steering system. Honda Civic hybrid cars are soon going to hit the market and are to be priced at around ` 20 lakh.
Car dealers in Hyderabad:
Hyderabad is still an emerging economy. The growth in the different service sectors has led to the greater amounts of disposable income among the residents of Hyderabad. Consequently, an increasing trend in the purchase of automobiles is being witnessed in Hyderabad. Car dealers are available in different regions of Hyderabad such as Afzalgunj, Himayat Nagar, Mallapur, PG Road, Moosapet, Kukatpally, Dilsukh Nagar, Nalakunta,Banjara Hill, SD Road, and Masa Tank.
Hyderabad is showing a positive growth curve in different sectors and the most impressive growth is seen in the Indian Automobile Market in Hyderabad which is also providing ample employment opportunities to the residents of Hyderabad.