Car sales decline in January after 14 months of growth

After reporting growth for the last consecutive 14 months, the Indian passenger car industry reported a dip in sales in the first month of 2016.

According to data released by the Society of Indian Automotive Manufacturers (SIAM) today, the passenger car sales in January fell 0.72% Y-o-Y to 168,303 units. This is the first decline since October 2014, when car sales fell 2.55% to 159,036 units. The weak show in January could be attributed to the delay in purchasing decisions as buyers eagerly awaited new launches at the Auto Expo 2016. In contrast, car sales in January 2015 were ...