India's Auto Sales Surged to Record High in August

Auto sales in India surged to a record high of 33% in August to 160,794 units from 120,681 a previous year on the back of lower borrowing costs, introduction of new models and forthcoming festivals, according to the Society of Indian Automobile Manufacturers. Nowadays India is still one of the lowest number of cars per 1,000 people among major automobile markets worldwide that there is room to grow, according to KPMG. This led to the rise in car sales during April – August to 753,199 units, up 34%, according to SIAM. For export of cars in August, the figure climbed 28% to 191,033 units.

(Irco.biz)