September car sales fall 1.8% y/y: SIAM | autos | Hindustan Times
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September car sales fall 1.8% y/y: SIAM

autos Updated: Oct 10, 2011 13:59 IST

Reuters
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Car sales fell 1.8% in September, an industry body said on Monday, as rising interest rates and vehicle costs hurt demand in the world's second-fastest growing auto market after China.

Indian automakers sold 165,925 cars in September, according to data released by the Society of Indian Automobile Manufacturers (SIAM).

Sales of trucks and buses, a key pointer to the country's economic activity, rose 18.05% to 70,634 in September, SIAM said.

Demand for cars had shrank in July for the first time in nearly three years.