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NEW DELHI (Reuters) - India's domestic passenger car sales in May surged 29.6 percent. Indian automobile companies made nearly 1.14 million cars in the.
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Japan's Suzuki Motor Corporation plans to establish a wholly-owned subsidiary in. In 2001, motor cycle sales in India reached close to 4 million units.
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Presumably, the company asked for the same regulatory treatment in India. The Society of Indian Automobile Manufacturers (SIAM), motorcycle sales soared.
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Only seven in 1000 people own a car in India, where sales have reached record levels for three consecutive years. "Auto companies are enjoying the dividend.
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