Auto sales grew a whopping 40.3 percent in December

By IANS,

New Delhi : Sales of cars grew 40.3 percent in December owing to a low base, improved credit and customer appetite, said the Society of Indian Automobile Manufacturers (SIAM) Friday.

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In December, companies sold 115,268 cars compared to 82,174 units in the same month of 2008, according to data released by SIAM.

Sale of commercial vehicles — buses and trucks — rose 171.6 percent at 48,614 units in the month under review from 17,897 units in the previous corresponding month.

The passenger vehicles segment during April-November 2009 grew 21.21 percent over the same period last year, while the overall commercial vehicles segment registered a 12.44 percent increase in sales.