NEW DELHI: India recorded an 8th successive month of falling automobile sales, with June seeing a 25 in step with cent lower, including to a multi-day stoop in Indian stocks.
industry data confirmed passenger car income falling 17.5pc ultimate month yr-on-12 months to 225,732 devices, with domestic automobile sales off 25pc.
sales of bikes dropped nine.6pc to 1.1 million, in line with figures from the Society of Indian car manufacturers (SIAM) quoted by the click believe of India.
The slide has been blamed on susceptible customer sentiment in Asia’s 0.33-largest economy, with boom slowing in recent quarters and falling in the back of that of China.
posted in sunrise, July eleventh, 2019