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Auto sales grow highest in a decade

Several new launches in the compact car category, easier availability of finance and the low base effect of last year helped the Indian automobile industry to continue its growth momentum of 2009 into April 2010 as well, with passenger car sales registering their highest growth in a decade. According to the Society of Indian Automobile Manufacturers (Siam), total passenger car sales in the country surged 39.5 per cent last month at 1,43,976 units, as against 1,03,227 units during the same month last year. This is the highest growth in car sales in April in the last 11 years. Car sales had ...