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Stimulus aids autos

After five months of continuous decline, automobiles sales surged in February as the impact of the government’s fiscal packages started showing effect, reports HT Correspondent.

autos Updated: Mar 09, 2009 22:12 IST
HT Correspondent

After five months of continuous decline, automobiles sales surged in February as the impact of the government’s fiscal packages started showing effect.

Overall automobile sales touched 1.04 million units in February this year against 9,42,955 units sold last year.

Car sales rose by 22 per cent in February from a year ago as 1,15,386 cars found buyers against 94,757 units last year. Two-wheeler sales were up 12.7 per cent at 8,36,926 units against 7,42,856 units last year.