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Domestic car sales in February up 13%

I / New Delhi March 12, 2012, 10:23 ISTCar sales in India rose an annual 13.1% in February, an industry body said, with automakers posting a fourth straight monthly increase as they continue to recover from record falls in late 2011. Demand for cars in India fell for the first time in three years last July as high interest rates and rising fuel costs deterred buyers. Automakers sold 211,402 cars in February, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday. Total two-wheeler sales increased 11.96% to 11,44,500 units last month, from ...