MUMBAI – India’s passenger cars and utility vehicle sales, including exports, totaled 242,506 units in August, setting a record for any month sales. Vishnu Mathur, director general of the Society of Indian Automobile Manufacturers, attributes the market’s growth in demand for personal vehicle to the country’s strong economy and public confidence in lower finance rates that remain attractive despite recent increases. Domestic light-vehicle sales surged to 204,227 in August, marking a ...

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