Car sales down 7.4% in July

Sales of motorcycles fell 1.5% in July, while truck and bus sales were down 14.9%

Car sales in India fell an annual 7.4% in July, an industry body said on Monday, the ninth straight month of fall, as rising fuel costs and high interest rates continued to keep demand subdued.

 

Automakers sold 131,163 cars in India last month from 1,41,646 units in the same month of 2012, according to data from the Society of Indian Automobile Manufacturers (SIAM).

 

Motorcycle sales too declined by 1.52% to 8,09,312 units in the last month, from 8,21,821 units in the same month previous year.

Total two-wheeler sales in July 2013 declined by 0.06% to 11,31,992 units from 11,32,696 units in the same period of previous year.
 
Total sales of commercial vehicles declined  by 14.93% to 55,301 units from 65,008 units in the year-ago period, SIAM said.
 
Total sales of vehicles across categories registered a decline of 2.08% to 14,15,102 units in July 2013 as against 14,45,112 units in the same month of 2012, it added.