Car sales in August grew a robust 25.5% as companies despatched more vehicles to dealerships to boost stocks ahead of the demand spurt in forthcoming festive season. Maruti, Hyundai, Tata and Mahindra led the growth in car and passenger vehicle sales after a 31% growth in July.
Total auto sales were up 24% at 10 lakh units in August against 8.1 lakh units in the same month last year, according to industry body Siam. Car sales in August stood at 1.2 lakh units against 96,082 units in the corresponding month last year. Demand for new models added to the festive rush and kept the momentum going for car sales that witnessed the seventh straight month of growth.
