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September 8, 2009

INDIA: August car sales rise 26%

SIAM data shows that India's car market rose an annual 26% in August.

SIAM data shows that India’s car market rose an annual 26% in August.

The Indian car market continued to receive a boost from new launches, lower taxes and the availability of cheaper loans.

Care sales reached 120,669 units in August, 26% ahead of the same month last year and continuing the growth trend of recent months.

Sales of trucks and buses rose 18.5% from a year earlier to 40,624 units, the data showed.

Motorcyle sales also rose 26% to 611,173 units from a year ago.

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