March local car sales up 20 pc y/y: Industry body

NEW DELHI: Car sales in India rose an annual 20.1 percent in March, as customers advanced purchases ahead of price hikes due to new emission norms-related expenses and rising raw material costs, an industry body said on Friday.

Domestic firms sold 155,600 cars in the month, compared with 129,585 units a year ago, data from the Society of Indian Automobile Manufacturers (SIAM) showed.

Sales of trucks and buses, a barometer of economic activity, rose 61.2 percent to 67,362 units in the month, SIAM said.

Source: Indiacar.com Source : Economic Times (4/9/2010)