India car sales fall 10 pct in April

Newswire

NEW DELHI, May 10 (Reuters) - Car sales in India fell an annual 10 percent in April, an industry body said on Friday, beginning a new financial year on the same sour note that saw annual sales fall last year for the first time in a decade. Automakers sold 150,789 cars in India last month, according to data from the Society of Indian Automobile Manufacturers (SIAM), as sluggish economic growth and high ownership costs continued to weigh on demand in the once-booming market. ...

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