India 2 month car sales year-over-year increase of 33%
Xinhua Mumbai, 8 March (reporter Liu ya South) India Automobile Manufacturers Association 8, published data show that consumers expect automobile consumption increases surprise effect, consumption in February this year India automobile sales reached 15.38 million units, an increase of 33 per cent.
Data show that in February this year India truck and bus sales 5.8 million units, an increase of 87%, showed the economy continues to pick up trends. Sales of the largest Maruti Suzuki company 2 month car sales year-over-year increase of 22 per cent, the highest 9.66 million units of monthly sales. Tata Motors 2 month car sales for 6.94 million units, an increase of 58%.
Some analysts believe that apart from excise tax rates for automobile consumer expectations, the lower the cost of the loan, new models of debut and the recovery of domestic demand is driving 2 month India automobile sales growth.
At the end of February, announced the new fiscal year budget, the Government of India plans to non-commodity consumption of petroleum products from 8% to 10%.