Car sales in India increased by around 9.5% in September. Passenger vehicle sales grew 3.8%, and commercial vehicle sales rose by over 12%.
Abdul Majeed, partner at Pricewaterhouse, said:. "The increase in September 2015 passenger vehicle sales is mainly driven by new launches, especially compact SUVs and hatchbacks."
While light CV sales decreased 14.5% in September, M&HCV sales rose by about 64%, ET Auto.com reported. During the first six months of the fiscal year 2015-16, passenger vehicle sales climbed 6.2%, and automobile exports grew 7.7%.
The Society of Indian Automobile Manufacturers (SIAM) expects passenger vehicle sales to increase 6-8% in fiscal 2015/16 as a result of low interest rates, benign inflation and new model launches.
Sales of medium and heavy commercials are expected to rise by double digit percentages driven by higher replacement demand and improved industrial GDP. However, sales of LCVs are likely to remain flat.
