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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, It’s time to log … Continued

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,

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