- Tag results for car sales
India is one of the world's fastest growing passenger car markets, but rising fuel prices and higher interest rates have hurt sales.
Car sales declined 1.03 per cent to 1,96,847 units last month as against 1,98,892 units in August last year, according to data released by Society of Indian Automobile Manufacturers.
Total two-wheeler sales in May rose 9.19 per cent to 18,50,093 units compared to 16,94,323 units in the year-ago month.
The Italian super sports luxury carmaker, which sells Huracan and Aventador models in India, said last year was a challenging year for the industry due to demonetisation and GST.
Major automobile makers today reported robust sales growth across segments driven by price reductions and restocking of vehicles at dealerships post GST implementation.