availability and higher demand from rural areas. Following the global financial crisis, the car sales growth in the country had been negative but the sales figure started improving in the last quarter of the previous fiscal. This has been the third month in a row when the car sales have clocked a positive growth. As per the data released by the Society of Indian Automobile Manufacturers, auto maker Maruti Suzuki has reported a rise of 8% to 56,221 units in its domestic sales. Similarly Hyundai Motors India and Honda grew by 3.4% to 22,241 units and 16% to 3,565 units respectively during the month of April. The sales figure has marked an improvement due to increased financing by the banks and revival of demand from the rural areas. However Tata Motors did not witness a rise in its sales that remained stagnant at 11,202 units. The company said that its sales remained flat for the period because of restricted lending by banks on some of its models designed for commercial purpose.For further details visit at www.rupeetimes.com/news/car_loans/car_sales_rise_for_third_consecutive_month_2439.html
