Indian car sales show dramatic increase
By Andrew C., 30 Aug, 2010. 0 Comments
India reported an increase in car sales for the past six months, with July recording 115,067 units sold. Car sales went up by 31% year-on-year in July, which according to analysts, is due to lower interest rates, government stimulus packages, a reduction in excise duty rates towards the early part of the year and the growing presence of players in the rural markets. The trend is believed likely to continue with the high rate of orders coming in for the budget car, the Tata Nano. It was launched in March but already, 200,000 orders have been taken.
[via autocar]
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