CAR SALES SHOOTS UP

February 2015 \ Business & Investment \ Exports

Car-makers’ association, Society of Indian Automobile Manufacturers (SIAM) in December reported that the domestic passenger car sales in November has grown upto 9.52 percent, which stood at 156,445 units.

The Indian automobile industry had sold 142,849 units in the corresponding period of 2013. Data furnished by SIAM showed that total passenger vehicle sales, which include cars, utility vehicles and vans, in the month under review, went up by 5.42 percent at 212,438 units from 201,521 units in November 2013. For last month, SIAM reported a 9.05 percent growth in commercial vehicles sales, which is a key indicator of economic activity.