Graphic: Ahmed Raza Khan/MintMumbai: Auto sales expanded at a brisk pace for most firms in August on the back of new models, attractive schemes and larger dispatches ahead of the festive season, show monthly sales data released by companies on 1 September. Hyundai Motor India Ltd, the country’s second largest car maker, saw sales in August increase 6.2% to 43,202 units. “The ensuing festive season will give us a further boost,” he added. “We expect this festive season to be the best in three years due to improvement in rural sentiment,” said Abdul Majeed, partner and national auto practice leader at PricewaterhouseCoopers. TVS Motor Co. and Yamaha Motor India Ltd, too, reported strong sales growth at 30% and 22%, respectively.

Source: Mint September 01, 2016 21:45 UTC