Indian automobile industry recorded an impressive 68% growth in sales in December last year thereby continuing with the push it had received from two stimulus packages since 2008 end and successfully beating the end blues.
According to the Society of Indian Automobile Manufacturer (SIAM) the total vehicle sales in the country rose to an astonishing 10,00,500 units last month against a mere sale of 597241 units in the year ago period.
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All major manufacturer like Maruti Suzuki, Hyundai Motor; Tata Motors, Hero Honda and Bajaj Auto registered healthy jumps which were further fuelled by low base effect of 2008 due to slowdown in the domestic automart.
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