
According to figures released by the Society of Indian Automobile Manufacturers (Siam), car sales started the New Year with a band, with total sales touching 184,332 units (up 26%) in January, the highest-ever number for a single month. This heats the previous all time high sales of 182,992 cars last October.Highest sales by companies like Maruti, Ford, Tata Motors and Toyota led the numbers. The rise in demand has been fueled in rising incomes and economic activity that gelled well with new model launches and comfortable interest rates.Also, the hike of petrol prices and commodity costs has affected the affordability...