Increase of car sales by 7.87 percent
Posted on: 09/Apr/2016 3:07:09 PM
According to Society of Indian Automobile Manufacturers March 2016 registered a growth of 7.87 percent car sales, driven by new model launches and heavy discounts. Domestic car sales stood at 20, 25,479 units in 2015-16 as compared with 18,77,706 units in the 2014-15
Society of Indian Automobile Manufacturers Deputy Director General Sugato Sen said: The previous highest growth was achieved in 2010-11, when car sales grew by 29.08 percent. The growth in 2015-16 was mainly because companies have tried to come up with new models, which have been accepted in the market. The achievement is amid the bottleneck of weak consumer sentiment due to high interest rates, uncertainty over the diesel car registration ban in Delhi and additional taxes as infrastructure cess in Budget 2016.
