Car sales in India were up by 23.1% in October, driven by greater demand during the festival season and launches of new models.
According to a report by the Society of Indian Automobile Manufacturers, some 172,459 cars were sold in October, up 23.1% from the same month a year earlier.
The society recently lowered its projections forgrowth in car sales for the financial year to March 2013 due to the economic slowdown, higher import tariffs and labour trouble at Maruti Suzuki, the country's biggest passenger carmaker.
India has been one of the world's fastest-growing car markets in recent years. But AFP reports there has been a slowdown in demand due to expensive loans, high fuel costs and a downturn in economic growth.
