Car sales in the Indian market for June grew by 7.8 percent, as disclosed by the SIAM. One of the contributing factors is that interest rates for auto loans were reduced.

As per the data released by the SIAM, 107,531 cars were sold in June 2009 compared to 99,741 cars sold last year. For more on car sales  in June, click here. Passenger Vehicles segment during April-June 2009 grew marginally at 3.81 percent over same period last year. Passenger cars grew by 4.75 percent, utility vehicles fell by 6.90 percent and multi-purpose vehicles grew by 19.05 percent in this period. In June 2009, passenger vehicles sales recorded a growth rate of 8.29 percent over June 2008.