India Car Sales Surge 8.3% In June

Car sales in India grew 8.3% y/y in June, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Automakers sold 155,763 cars in India in June, according to data. Sales of trucks and buses in India surged 4.7% in June to 64,926 vehicles, while motorcycle sales gained 6.6% to 879,713.