European economy is touted as the homeland for the automobile sector with over 250 plants in 18 EU countries. According to ACEA, Europe is the worlds leading vehicle producer with one third of the 50 million cars produced globally being manufactured in the Euro bloc.

Despite the impediment to the local manufacturing industry caused by rising car imports, Indus Motor Company has managed to report impressive year-end financial results, signing off on a robust 57 percent year-on-year bottom line growth. The firms board of directors announced an above consensus final dividend of Rs24 per share here on Thursday, taking the full-year dividend up to a remarkable Rs32 per share.

Signing off with a flourish, automotive sales at the end of the year remained positive with a significant increase in unit sales of cars, light commercial vehicles (LCV) and Jeeps; which rose to 179,000 units, representing an increase of 22 percent over FY11.