English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesDecember local car sales up 29%

    December local car sales up 29%

    Car sales in India rose an annual 28.9% in December, an industry body said on Tuesday, largely driven by a burgeoning middle class in a rapidly growing economy, easier access to loans and a wider choice of models.

    January 11, 2011 / 14:09 IST

    Car sales in India rose an annual 28.9% in December, an industry body said on Tuesday, largely driven by a burgeoning middle class in a rapidly growing economy, easier access to loans and a wider choice of models.


    Indian automakers sold 148,681 cars in the last month of the year, according to data from the Society of Indian Automobile Manufacturers (SIAM).

    Sales of trucks and buses, a key pointer to economic activity, rose 27.3% to 61,880 units in December, SIAM said.

    first published: Jan 11, 2011 12:45 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347