India's domestic sales of passenger cars grew by 8.5% in December 2011, as the year-end phenomenon and announcements of price hikes lured potential buyers to the showrooms despite high fuel prices and elevated borrowing costs.
Indian car makers sold 159,325 units in the domestic market last month as against 146,856 units sold in the same month in 2010, the Society of Indian Automobile Manufacturers (SIAM) announced in New Delhi today.
However, domestic car sales last month were down 6.1% when compared to 171,131 units sold in November 2011.
According to the SIAM data, motorcycle sales in December 2011 grew by 7.3% to 807,829 units from 753,102 units sold in December 2010.
Total two-wheeler sales in December 2011 were up 8.5% at 1,091,982 units versus 1,006,289 units sold in the year-ago period, the SIAM data revealed.
Total domestic sales of commercial vehicles (buses and trucks) jumped 14.5% to 72,192 units from 63,048 units in the corresponding month a year earlier.