Indian Auto Sales Rise in August
Indian automaker sales to dealers advanced in August from a year earlier as demand stayed strong heading into the festive season. Major manufacturers reported solid annual gains despite sequential drops.
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MARUTI SUZUKI INDIA LTD sales to dealers rose 21.3% in August to 219,220 units, driven by healthy demand ahead of the festive season in India. The year-over-year gains follow a period where buyers delayed purchases ahead of tax changes. Gross domestic product expanded by 7.8% in the April-June quarter, bolstering consumer optimism despite elevated fuel costs linked to supply disruptions from Iran.
