February car sales rise 21.8% y/y: SIAM

Car sales in India snapped a four-month slide and rose 21.8 per cent in February from a year earlier, an industry body said on Monday, helped by government stimulus packages to boost consumer spending. Automobile firms sold 115,386 cars during the month, compared with 94,757 in the year-ago period, data from the Society of Indian Automobile Manufacturers showed. However, sales of trucks and buses, which are closely linked to the pace of economic activity, fell 31.7 per cent to 31,069 units, the data showed.