India Feb car sales rise 33 pct y/y - industry

Newswire

NEW DELHI, March 8 (Reuters) - Car sales in India rose an annual 33 percent in February, as customers purchased vehicles ahead of the rise in taxes in the federal budget, an industry body said on Monday.

Firms sold 153,845 cars in the month, compared with 115,505 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 87 percent to 58,024 units in the month, SIAM said. ...

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