One cannot show its back to the fact that Indian automotive market is one of the fastest growing across the world today and the growth that the industry is witnessing currently is surely one of the best growth phases for the industry.

Notably, experts are of a view that the industry will witness a growth of close to 12-13 per cent in 2010/11 on the back of an expanding economy. However, the shortage of components and the rising commodity prices surely stands as a hurdle in front of the sector.

Jatin Chawla, auto analyst for institutional clients of brokerage India Infoline recently said that the CV industry will grow at a pace of 25% (on a lower base) but the Indian passenger car industry will file a growth of close to 15%.

Society of Indian Automobile Manufacturers (SIAM) expects the car sales to touch 1.7 million units by March 2011 filing a 17-18% growth while it expects the Motorcycle segment to grow by 9-10%.

Pawan Goenka, president of SIAM said that the growth in first quarter was more than expected but it will slowly come to a decent pace and will even slow down a bit.