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Car, truck and bus sales surge in October
New Delhi, Nov 14: Cheered by Maruti, Hyundai and Tata Motors, car sales surged by a robust 24 per cent in October 2003 as customers got attracted to low interest finance and a spate of car roll-outs.
New Delhi, Nov 14: Cheered by Maruti, Hyundai and
Tata Motors, car sales surged by a robust 24 per cent in
October 2003 as customers got attracted to low interest
finance and a spate of car roll-outs.
Cumulative (April-October 2003) car sales jumped by 23.7
per cent to 3.75 lakh units against 3.03 lakh units during the
same period last year.
Car sales have been steadily growing following an eight per cent excise duty cut in the budget, ever-dipping interest rates on readily available loans and increasing disposable incomes.
Bus and truck sales also went up by 31.6 per cent to 22,015 units as both medium and heavy (M&H) and light commercial vehicles (LCV) categories witnessed strong demand.
During the first seven months this fiscal, commercial vehicles sales rose by 32 per cent to 1.31 lakh units over 99,833 units mainly due to satisfactory work on the ambitious golden quadrilateral road project, the prime minister's rural road network and a rev up in infrastructural activities.
Bureau Report
Car sales have been steadily growing following an eight per cent excise duty cut in the budget, ever-dipping interest rates on readily available loans and increasing disposable incomes.
Bus and truck sales also went up by 31.6 per cent to 22,015 units as both medium and heavy (M&H) and light commercial vehicles (LCV) categories witnessed strong demand.
During the first seven months this fiscal, commercial vehicles sales rose by 32 per cent to 1.31 lakh units over 99,833 units mainly due to satisfactory work on the ambitious golden quadrilateral road project, the prime minister's rural road network and a rev up in infrastructural activities.
Bureau Report