In August, passenger car sales jump 15.2%; bikes up 14.4%
Moneylife Digital Team 10 September 2014
According to SIAM, Indian auto industry on the road to a slow but sure recovery  
 
Domestic passenger car sales grew 15.16% to 1.54 lakh units during August 2014 compared with 1.34 lakh units in the same month of 2013.
 
According to the data released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales during the month grew 14.5% to 9.10 lakh units from 7.95 lakh units a year ago period. “Auto industry on the road to a slow but sure recovery,” SIAM said in a release.  
 
Total two-wheeler sales in August 2014 grew 19.22% to 13.46 lakh units from 11.29 lakh units in the same period of the previous year.
 
Total sales of commercial vehicles were down 5.59% to 48,473 units from 51,344 units, SIAM said.
 
Total sale of vehicles across categories registered a growth of 17.54% to 16.60 lakh units in August 2014 against 14.13 lakh units in the same month last year, it added.
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