Annual car sales fall for first time in a decade

  • Reuters, New Delhi
  • |
  • Updated: Apr 10, 2013 11:19 IST

Car sales in India fell an annual 6.7% in the financial year that ended in March, their first fall in a decade, and sales during March fell an annual 22.5%, the fifth consecutive monthly slide, an industry body said on Wednesday.

Automakers sold 180,675 cars in India last month, according to data from the Society of Indian Automobile Manufacturers (SIAM), as sluggish economic growth continued to weigh on demand in the once-booming market.

Sales of motorcycles dropped 8.3% in March to 779,878 vehicles, SIAM said, and showed flat growth over the financial year.

Truck and bus sales were down 6% in March at 84,956 vehicles, and fell 2% during the year.

 

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