August car sales jump 25% yoy

Domestic sales of cars in India were up 25.6% in August on the back of the government's stimulus measures and lower interest rates, data released by the Society of Indian Automobile Manufacturers (SIAM) showed. A slew of new launches have also played a part in bolstering the sales of automobiles. Auto companies sold 120,669 cars during August 2009 compared with the 96,082 cars sold in the same month a year earlier, the SIAM data revealed. Sales of trucks and buses rose by 18.5% from a year earlier to 40,624 units. Motorcycle sales jumped 25.9% to 611,173 units from a year ago level, while scooter sales gained 23.1% at 118,694 units, according to SIAM data. Total two-wheeler sales rose 25.1% to 776,777 units . Three-wheeler sales climbed 22.8% at 39,201 units. Total domestic sales of automobiles were up 24.3% at 1,008,702 units, the SIAM data showed. Total exports were up 6.1% at 149,320 units. Exports of passenger cars rose 37.5% to 40,901 units. CV exports fell by 37.3% to 3,442 units while two-wheeler exports were down -1.9% at 89,856 units.