India: Car segment posts lowest growth rate in 10 years

Sales of new passenger cars in India grew 3.4% year-on-year in April 2012 to 168,351 units. Comparatively, the Indian automotive industry accounted for sales of 162,813 cars in the corresponding month a year earlier. Car sales in the country were adversely affected by factors such as the hike in excise duty, Subscribe to Automotive World … Continued

• By Webmaster
• May 11, 2012