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India: New car market contracts 19% in August

Passenger car sales in India declined by nearly 19% in August, which according to the Society of Indian Automobile Manufacturers (SIAM) was the biggest drop in ten months. In October 2011, the industry reported a 23.7% drop in sales. A total of 118,142 passenger cars were sold in the country last It’s time to log … Continued

Passenger car sales in India declined by nearly 19% in August, which according to the Society of Indian Automobile Manufacturers (SIAM) was the biggest drop in ten months. In October 2011, the industry reported a 23.7% drop in sales.

A total of 118,142 passenger cars were sold in the country last

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