Passenger car sales in India rose by 6.1% in June 2008 to 99,738 units, according to the Society of Indian Automobile Manufacturers (SIAM).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Reuters noted that the sales growth was sharply slower than the 14.3% seen in May and 17.2% in April and also well below the 16.4% expansion seen in June 2007. Car sales in the April-June period have risen 12.4%, flat with the 12.7% growth in the year-ago period.
Car makers have offered discounts to boost demand in a competitive market, but rising costs of raw materials have squeezed profits, the news agency added.
