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April car sales rise 3.4% y-o-y


Car sales in India rose an annual 3.4% in April, according to data from an industry body, a sixth consecutive monthly increase but lower than in recent months after the country hiked excise duty on the vehicles.

Sales rose 20% in March, the biggest monthly rise in a year, thanks mainly to a rush from customers to buy cars before price hikes from manufacturers in response to the excise duty increase came into effect.

Automakers sold 168,351 cars in the domestic market in April, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Thursday.

Sales of trucks and buses rose just 4.4% in April to 56,257 vehicles. Motorcycle sales rose 6.5% to 861,602 vehicles.