'August registered robust sales due to the pre-festive season buying,' said consultancy Angel Broking. 'Easier availability of credit, lower interest rates and higher consumer confidence in the last few months also boosted sales.'
The cumulative production data for April-August shows that the passenger vehicles segment grew at 11.97 percent while sales of medium and heavy commercial vehicles declined 23.54 percent.
Light commercial vehicles grew at 21.75 percent, SIAM said. Three-wheeler sales recorded a growth of 12.09 percent and that of passenger carriers by 20.93 percent.
The overall automobile sector exports grew 3.18 percent in April-August, though exports of passenger vehicles dipped.