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Eastern delight for India, while China struggle to compete financially

Reports are in that car sales in India have reached a record monthly peak during July. The hike comes from new consumers looking to use car loans, finance and out-right sales to their advantage.

Reports are in that car sales in India have reached a record monthly peak during July. The hike comes from new consumers looking to use car loans, finance and out-right sales to their advantage.

The sales increased by 38 percent in July, this ballooning showed in its best ever monthly total of 158,764 cars sold.

According to Director General of the Society of Indian Automobile Manufacturers (SIAM), Vishnu Mathur, the reasoning for the impressive numbers is simple: "New model launches, penetration of rural markets and the availability of finance continue to boost sales."

China, on the other hand isn’t enjoying the success that India currently is. Its sales fell compared to the previous month. So it seems continuality is still a hard thing to master in today’s financial climate.

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