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Passenger vehicle sales in India reached a new monthly record in August, driven by SUV launches and increased production ahead of the festive season. Automakers dispatched 368,897 units in August, an increase of 12.8% compared to the previous year. This marks the eighth consecutive month with car dispatches exceeding 300,000 units, as buyers continue to purchase new models amid strong economic growth.
Khara said that high inflation will stay for one to two months, unless there is any trend.
Consumer Price Index inflation has now spent 46 consecutive months above the Reserve Bank of India's medium-term target of 4 percent
According to data released by the Ministry of Statistics and Programme Implementation on Friday, in April, the IIP stood at 4.2 per cent.
In May, industrial growth - as measured by the Index of Industrial Production - had come in at 5.3 percent.