Car Sales Growth Holds Strong In June

Car sales achieved positive growth for the fifth consecutive month in June, according to the Society of Indian Automobile Manufacturers (SIAM). Sales rose 7.8% to 107,531 units, compared to 99,741 in June 2008. A 22% increase in February marked the first uptick in monthly car sales since September 2008 and subsequent growth has been attributed to government stimulus packages and lower lending rates.

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