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Yay!! Car Sales are Rising!!!

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NEW DELHI: Domestic passenger-car sales increased by 4.20 per cent in April to 1,02,899 units from 98,752 units in the same month last year.

According to figures released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales in the country during the month was up 12.11 per cent at 5,62,357 units as against 5,01,592 units in the corresponding month a year ago.

Total two-wheeler sales in April also surged by 13.71 per cent to 7,00,995 units compared to 6,16,468 units in the same period last year.

Commercial vehicle sales, however, decreased last month to 29,842 units from 33,626 units in the year-ago period, a fall of 11.25 per cent, SIAM said.

Economic Times - 5/11/2009

How cool is that!

Now, it seems that the Automobile industry is slowly recovering from the beating of recession!

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