Car sales in India rose 21% in November to 161,497 cars from 133,703 a year earlier, the Society of Indian Automobile Manufacturers said.
Dow Jones noted that November sales lagged behind October’s 182,992 cars, which was the highest-ever sales for a month, when the onset of several festivals boosted demand.
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“December sales will be lower than November,” Sugato Sen, senior director at SIAM, told the news agency. He said, however, that “fundamentals are still positive and there is no threat as such to auto sales from the fundamental point of view.”
Maruti Suzuki sales rose 29% to 87,618 units. Hyundai sold 31,501, up 12%, but Tata slumped 34% to 12,234.
Volkswagen volume jumped to 4,612 cars in November from 180 a year earlier, reflecting new model launched. Ford, boosted by the Figo hatchback, sold 7,305 cars, up from 2,164 a year earlier.
Sen said a drastic fall in demand for cars was unlikely as “liquidity, easy availability of finance, availability of products will [continue to] drive growth”, Dow Jones added.
