Car sales in India grew by 21% year-on-year to 129,683 units in September, the eighth successive month of growth, according to SIAM data.

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Local sources said that available and low-cost finance coupled with the festive season – ahead of Diwali – helped to keep sales buoyant.


The Times of India said that the launch of new models such as the Maruti Ritz, Mahindra Xylo and Fiat Grande Punto have also contributed to the demand growth. Luxury carmakers like Audi and BMW also saw sales numbers going up, the newspaper said.


Car sales in the first half of this fiscal year rose 15% to 689,339 units, reflecting the impact of tax cuts and government stimulus to the economy .


SIAM now reckons that domestic car sales are likely to see double-digit growth this fiscal year compared with just 1.31% growth last year

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