India domestic car sales drop in July, hit by rain

Newswire

NEW DELHI, Aug 12 (Reuters) - India's passenger car sales dropped more than 10 percent in July, down for a second month in a row, as demand suffered from heavy floods in two big markets, rising costs due to stricter emission norms and higher taxes.

The Society of Indian Automobile Manufacturers (SIAM) said on Friday domestic car sales dropped 10.65 percent to 63,084 units in July from 70,606 units in the same month a year earlier.

Car sales had dipped 0.9 percent on year ...

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