Car Sales in India rise in August 2013
For the first time in 10 months, the car sales have shown a rise in India in August 2013. There is a jump of 15.4 per cent in the overall sale as compared to the corresponding period last year.
However, industry experts have played down the rise in car sales, saying the market conditions have not improved yet. They attribute the data to the month-long lockout at Maruti Suzuki’s Manesar Plant last year.
Since the sale was down in August 2012 due to the lockout, the sales in August 2013 has shown increase in production. The real data will be available only in September. That will determine the fate of car industry.