Car sales in India rose an annual 3.4 per cent in April, according to data from an industry body, a sixth consecutive monthly increase but lower than in recent months after the country hiked excise duty on the vehicles.
Car sales in India rose an annual 3.4 per cent in April, according to data from an industry body, a sixth consecutive monthly increase but lower than in recent months after the country hiked excise duty on the vehicles.
Sales rose 20 per cent in March, the biggest monthly rise in a year, thanks mainly to a rush from customers to buy cars before price hikes from manufacturers in response to the excise duty increase came into effect.
Automakers sold 168,351 cars in the domestic market in April, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Thursday.
Sales of trucks and buses rose just 4.4 per cent in April to 56,257 vehicles. Motorcycle sales rose 6.5 percent to 861,602 vehicles.
Copyright @Thomson Reuters 2012
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