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India’s car finances continue to flourish.

03 July 2010

Forecasters predicting that the economic growth in Asia would slow down have been given a pretty brutal slap in the face today. As car sales in the month of June ballooned in India and it shows that public buying power is as strong as ever.

Unsurprisingly Tata Motors took most of the revenue. Its sales were up 63% in June from the previous year. Car Loans, Car Finance and car sales have all hit peaks and it has left the ‘experts’ in disbelief.

In fact almost all the Indian car manufacturers saw a rise in sales throughout June, and it only emphasises how popular motoring is within a country that is home to one billion people.