Mexican Media Brands
India’s Car Market Improves
Passenger vehicle sales in India grew about 1% year to 160,700 units in February compared with a year earlier, according to the Society of Indian Automobile Manufacturers.
#economics
Share
Passenger vehicle sales in India grew about 1% year to 160,700 units in February compared with a year earlier, according to the Society of Indian Automobile Manufacturers.
Analysts say the modest improvement suggests that government tax cuts on vehicles were able to overcome consumer worries about India's sluggish economy and high fuel prices.
Sales by market leader Maruti Suzuki advanced about 1% to 84,600 units in February. SIAM notes that car sales through the first 11 months of the fiscal year that began last April totaled 1.6 million units, down nearly 5% year on year.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data