Driven by Maruti, Hyundai and Tata Motors, car sales soared 24.1 per cent in September 2004 for the sixth consecutive month, raising hopes of good second quarter profit for carmakers.
70,492 units were sold in the month as against 56,765 cars in September 2003, data released by the Society of Indian Automobile Manufacturers showed.
Car sales during the first six months of this fiscal surged by 20.7 per cent at 3.85 lakh units over 3.19 lakh units during April-September 2003.
The Indian car market has been on an overdrive due to an array of new models, easy availability of low interest loans and higher disposable income.
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