Car Sales Rise 2.5 Per Cent In May 2009 - June 08, 2009

May 2009 car sales increased 2.5% to 113,490 units in May 2009 over May 2008, data released by the Society of Indian Automobile Manufacturers (Siam) today, 8 June 2009 showed. Improved financing following of aggressive interest rate cuts and stimulus packages were attributed as the reasons for rise in car sales. However sales of trucks and buses fell 14.8% to 30,800 units in May 2009 over May 2008

Automobile sales are considered a key indicator of the health of India's economy.