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India: Car sales up but below estimates

Sales of new passenger cars in India increased 6.7% year-on-year in July 2012 to 143,496 units, compared with 134,473 units sold in the corresponding month in 2011. According to the Society of Indian Automobile Manufacturers (SIAM), this was the ninth consecutive monthly rise in sales. However, sales were below industry estimates, It’s time to log … Continued

Sales of new passenger cars in India increased 6.7% year-on-year in July 2012 to 143,496 units, compared with 134,473 units sold in the corresponding month in 2011.

According to the Society of Indian Automobile Manufacturers (SIAM), this was the ninth consecutive monthly rise in sales. However, sales were below industry estimates,

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