Car sales growth rides back to positive: CRISIL Research

CRISIL Research has come out with its report on domestic car sales. As per the research firm Maruti's sales has soared by 77% on a month-on-month basis.

Domestic car sales grew by around 6% year-on-year in November 2011 after a sharp decline of 38% in October 2011. With near normal production at its Manesar plant, Maruti's sales soared by 77% on a month-on-month basis. Increased sales of new models - notably the new version of Maruti Swift, and Hyundai Eon - boosted car sales. Sales of the eight new models launched during the current fiscal accounted for almost a quarter of domestic car sales during the month. Sridhar Chandrasekhar, Head, CRISIL Research said,