Car sales get festive push, up 23% in Oct
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Boosted by festive season purchases, domestic car sales increased by 23.09 per cent to 1,72,459 units in October 2012, the highest growth rate in nearly two years.
Society of Indian Automobile Manufacturers (SIAM), however, downplayed the feat saying that the growth was on a low base of 1,40,105 units in the same month last year and the automotive industry continues to face challenges in pushing sales.
As per the latest figure released by SIAM, in the passenger cars segment, market leader Maruti Suzuki India sold 79,811 units in October, up 93.75 per cent from 41,192 units in the same month last year. Hyundai Motor India Ltd clocked 35,722 units as against 32,811 units in October 2011, up 8.87 per cent, while Tata Motors sales stood at 16,444 units compared to 20,948 units in the year-ago month, down 21.5 per cent.