India Sees Car Sales Fall for Second Straight Year

Newswire

(Adds details on sales, comments from association) By Devidutta Tripathy NEW DELHI, Oct 8 (Reuters) - Car sales in India have fallen 4.7 percent in the first six months of the fiscal year, the sharpest decline in half-year sales since 2002-2003, according to figures released by the Society of Indian Automobile Manufacturers (SIAM). Despite a slight 0.7 percent uptick in sales in September when automakers sold 156,018 cars, the industry is facing a second consecutive year of falling ...

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