Auto sales zoom 24 pc in August in India
Thursday, 10 September 2009
NEW DELHI, Sept 9 (BSS): Car sales in August grew a robust 25.5 per cent as companies dispatched more vehicles to dealerships to boost stocks ahead of the demand spurt in forthcoming festive season.
Maruti, Hyundai, Tata and Mahindra led the growth in car and passenger vehicle sales after a 31 per cent growth in July.
Total auto sales were up 24 per cent at 10 lakh units in August against 8.1 lakh units in the same month last year, according to industry body Siam.
Car sales in August stood at 1.2 lakh units against 96,082 units in the corresponding month last year.
Demand for new models added to the festive rush and kept the momentum going for car sales that witnessed the seventh straight month of growth.
Industry analysts said demand was likely to remain strong in the coming months, especially low over base of last year when demand as hit by economic slowdown and high interest rates.
The two- wheeler industry also saw a 26 percent growth at 6.1 lakh units against 4.8 lakh units in August last year.
Maruti, Hyundai, Tata and Mahindra led the growth in car and passenger vehicle sales after a 31 per cent growth in July.
Total auto sales were up 24 per cent at 10 lakh units in August against 8.1 lakh units in the same month last year, according to industry body Siam.
Car sales in August stood at 1.2 lakh units against 96,082 units in the corresponding month last year.
Demand for new models added to the festive rush and kept the momentum going for car sales that witnessed the seventh straight month of growth.
Industry analysts said demand was likely to remain strong in the coming months, especially low over base of last year when demand as hit by economic slowdown and high interest rates.
The two- wheeler industry also saw a 26 percent growth at 6.1 lakh units against 4.8 lakh units in August last year.