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India's car sales decline 16% in April, the worst in eight years: Siam

The slowdown has prompted worries among auto dealers, which do not expect the market to improve soon and have called for leaner inventories

Representative Image
Representative Image

India’s car sales saw a decline of 15.9 per cent in April, the worst in eight years. Industry executives fear recovery will take time and depend on multiple factors including a good monsoon and the economic policy of the new government, to take office later this month.' According to the data available with Society of Indian Automobile Manufacturers (Siam), this is the tenth consecutive month since July 2018 when car sales have declined. Overall, the auto industry sold 2,001,096 units during April. In the same period last year, it had sold 2,380,294 million ...