“The decline in annual car sales that we witnessed in 2013 was the first time after 2002. The negative sentiments have deepened due to the current state of the economy,” said Vishnu Mathur, director general, Society of Indian Automobile Manufacturers (Siam). “We only expectsome growth in the second half of next fiscal.”
In December, domestic car sales market leader Maruti Suzuki India posted a 6.4% increase in sales at 73,155 units against 68,729 units in year ago period, while Hyundai saw 6.2% growth at 28,320 units compared with 26,651 units in the year-ago month.
Tata Motors saw its sales crash by 41.92% to just 6,537 units in December from 11,257 units a year ago, while M&M posted 26.93% decline to 15,881 units from 21,735 units in December 2012.