China shines in July sales | autos | Hindustan Times
Today in New Delhi, India
Jul 27, 2017-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

China shines in July sales

China's auto sales rose 6.7% in July but growth was well below the double-digit surge of the past two years.

autos Updated: Aug 11, 2011 00:36 IST

China's auto sales rose 6.7% in July but growth was well below the double-digit surge of the past two years. The China Association of Automobile Manufacturers on Wednesday showed 1.01 million passenger cars were sold in July.

The total sales of commercial and passenger vehicles rose 2.2% from a year ago to 1.3 million units.

Chinese auto sales soared in 2009 and 2010, driven by subsidies and tax cuts meant to help the industry rebound from the global crisis. But most incentives have ended, causing sales growth to fall sharply.