09/10/2015 5:16 PM IST | Updated 15/07/2016 8:25 AM IST

India's Car Sales Rise 9.5 Per Cent In September: Reports

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Friends carrying shopping bags in the car, Gurgaon, Haryana, India

NEW DELHI -- Car sales in India rose 9.5 per cent in September, buoyed by new launches and a recovery in Asia's third-largest economy, industry data released on Friday showed.

Carmakers sold 1,69,590 cars in September, according to data from the Society of Indian Automobile Manufacturers (SIAM). Total passenger vehicle sales rose 3.8 per cent from a year earlier to 2,32,167 vehicles in September.

As banks cut their lending rates following four rounds of policy rate cuts totalling 125 basis points so far this year, vehicle sales are likely to get a further boost in a country forecast to become the world's third-largest car market by 2020.

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