Indian Automakers Foresee Second Straight Year of Decline

Newswire

NEW DELHI, Nov 12 (Reuters) - Car sales in India are expected to fall in the current financial year that ends in March, an industry body said, marking a second straight year of decline, as high interest rates and a slowing economy force consumers to delay purchases. Automakers sold 163,199 cars in India last month, a drop of 3.9 percent from a year earlier, data from the Society of Indian Automobile Manufacturers (SIAM) showed. SIAM had estimated in April that car sales would grow by ...

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