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Domestic car sales down 25.71%, biggest fall in 12 years

This article was posted on Mar 11, 2013 and is filed under Market News

NEW DELHI: Car sales in India slumped 25.7 percent in February, the biggest fall in more than 12 years and the fourth consecutive monthly slide, an industry body said on Monday, as sluggish economic growth continues to weigh on demand.

The industry is expected to see it first decline in annual sales in a decade as high interest rates and rising fuel costs in Asia’s third-largest economy put off buyers in a market that was once one of the world’s most promising.

For more visit: Times of India

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