New Delhi: Passenger vehicle sales in India are estimated to have risen around 35 per cent to about 4.5 lakh units in August, riding on the back of robust growth posted by the likes of Maruti Suzuki India, Tata Motors Passenger Vehicles and Mahindra & Mahindra.
The automotive industry continues to benefit from the momentum generated by last year's GST rate cut, income tax benefit and repo rate cuts and is entering the festive season with optimism, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee told reporters in a conference call.
