India July car sales rise 31% to 115,067 units

Car sales in India rose an annual 31 percent in July, an industry body said on Monday, as demand was boosted by new launches and increasing availability of cheaper loans.

Companies sold 115,067 cars during the month, compared with 87,901 cars a year earlier, data from the Society of Indian Automobile Manufacturers showed.

Sales of trucks and buses, a barometer of economic activity, rose 9.6 percent from a year earlier to 37,624 units, the data showed.

Motorcyle sales rose 19.5 percent to 546,245 units from a year ago.