For the first time since 2005, passenger vehicle sales, including cars and utility vehicles, are registering an absolute decline. Although the rate of growth has been falling since April 2008, its only in July that sales were 3% less than the previous comparable period.
Sales grew by a robust 19.8% in April, fell to 14.5% in May and in June it was a single-digit growth rate at 6%. Small cars, which account for more than 65% of the passenger car industry, are the main culprit, and what is worse is that the outlook for August-September looks bleak. More
Courtesy: economictimes.indiatimes.com
This entry was posted
on Saturday, August 9th, 2008 at 12:10 am and is filed under Honda India, Launches, Car Money, Renault, Maruti Suzuki.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.