Tuesday, May 19, 2009

Recession-wave -Mercs make good business in India!

They may be IT professionals and businessmen, apparently still doing brisk business this year. The owners may also be the sons of prominent politicians that have amassed wealth with their low paying MLA and MP jobs at the state secretariats and the parliament.
According to industry experts the market for luxury cars expanded at a much faster rate than anticipated in 2008, however due to the on-going economic crisis the growth will be subdued this year. Despite this luxury car makers are confident that the market will grow to 9,500 units by the end of next year from 7,500 units sold last year.

No comments: