Auto Industry Witnessed A Growth Of 31.42%

By By: Vicky.in

Published: Thursday, July 8, 2010, 18:23 [IST]

Indian auto market continues to grow in steady pace. The country's sales of car grew by 30.79% to 1,41,184 cars in June 2010. Last year, during the same month, only 1,07,948 cars were sold. In the motorcycles segment too, June 2010 witnessed 29.98% to 7,15,985 bikes and scooters as against 5,50,830 units during June 2009. These figures released by the Society of Indian Automobile Manufacturers (SIAM)

Among the commercial vehicles segment, the sales growth was 44.14% to 52,211 units in June 2010 from 36,22 units in the same period last year. According to SIAM, total vehicles including all categories, witnessed a growth of 31.42% to 12,05,990 units in June 2010 as against the 9,17,645 units sold in June 2009. Raising economy, easy bank loans and increasing need for personal vehicles are the major reasons for the automobiles' growth.

Article Published On: Thursday, July 8, 2010, 17:28 [IST]

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