Car sales in India Jump 31 percent in July

Car sales in India have risen by almost a third as new launches and lower interest rates encourage people to buy new cars.

Sales jumped 31% in July, to 115,067 units, from the same month a year ago, the Society of Indian Automobile Manufacturers said.

Commercial vehicle sales also rose by 9.6% after months of decline.

The first owner of the world’s cheapest car, the Tata Nano, took possession of his vehicle in Mumbai in July.