Monday 11 February 2013
Car sales in India down 12.45% in January
Car sales in India fell an annual 12.5 per cent in January, the third consecutive slide and the fifth in sixth months, an industry lobby group said on Monday, as sales of cars in a once-booming market head for their worst growth in nine years.
Automakers sold 173,420 cars in India last month, according to data from the Society of Indian Automobile Manufacturers (SIAM).Sales of motorcycles rose 7.5 percent in January to 886,527 vehicles, SIAM said.
Truck and bus sales were 63,218 vehicles during the month, down 9.5 percent.
Car sales in India declined by 12.45 per cent to 1,73,420 units in January this year compared to 1,98,079 units in the same month of 2012.
Automakers sold 173,420 cars in India last month, according to data from the Society of Indian Automobile Manufacturers (SIAM).Sales of motorcycles rose 7.5 percent in January to 886,527 vehicles, SIAM said.Truck and bus sales were 63,218 vehicles during the month, down 9.5 percent.
Car sales in India declined by 12.45 per cent to 1,73,420 units in January this year compared to 1,98,079 units in the same month of 2012.
