January sees a spike of 7.2 percent in car sales

New Delhi: Car sales in India rose an annual 7.2 percent in January, an industry body said, marking the third consecutive monthly rise as automakers bounce back from record falls in sales in late 2011.

Demand for cars in India fell for the first time in three years last July as high interest rates and rising fuel costs deterred buyers.

 January sees a spike of 7.2 percent in car sales

Automakers sold 196,013 cars last month.Reuters

Automakers sold 196,013 cars last month, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday.

Sales of trucks and buses, a key indicator of economic activity, rose 13.5 percent in January from a year previous to 69,859 vehicles, SIAM said.

Reuters

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Updated Date: Dec 20, 2014 08:26:35 IST