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Hope US downgrade seen as objective in time: S&P's Deven Sharma

According to figures released by the Society of Indian Automobile Manufacturers (SIAM) today, motorcycle sales in the country grew by 10.51 per cent during the month to 7,85,278 units from 7,10,621 units in the corresponding month last year.Total two-wheeler sales increased by 12.61 per cent to 10,56,906 units last month from 9,38,514 units in July, 2010.Sales of commercial vehicles jumped by 23.70 per cent to 64,241 units in the month under review from 51,934 units in the year-ago period, SIAM said.Total sales of vehicles across categories registered a growth of 8.99 per cent to 13,48,753 units in July, as against 12,37,521 units in the same month last year, it added. [More]
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