While two-wheelers have shown a growth of 20 percent, bus and trucks have shown 19 percent growth and it'll go further in the festival season,' he said.

The chief guest at the convention, Heavy Industries and Public Enterprises Minister Vilasrao Deshmukh, said it was imperative that the auto sector lay stress on environment.

'One of the key issues to be identified by the automobile industry is the ability to be environment-friendly,' said Deshmukh.

The ministry is also in discussions with the commerce ministry for funds to help the ailing auto sector, especially the commercial vehicle segment, as 'all other have shown some growth'.

'We are in dialogue with the finance ministry and we'll see what can be done. There are new suggestions to create some funds but all of it is under consideration,' Deshmukh told reporters here.

The theme for this year's annual convention was 'Auto Industry: Revival, Restructuring and Sustainable Growth'.