Arab Today, arab today india’s car sales fall 18 in august
Last Updated : GMT 18:20:30
Arab Today, arab today
Arab Today, arab today

India’s car sales fall 18% in August

Arab Today, arab today

Arab Today, arab today India’s car sales fall 18% in August

New delhi - Arabstoday

Higher fuel prices and interest rates and a slowdown in the economy saw car sales plummeting more than 18 per cent in August, the biggest drop in 10 months, the Society of Indian Automobile Manufacturers (SIAM) said on Monday. According to SIAM data, car manufacturers sold only 118,142 units last month which was 18.6 per cent lower than the figure logged a year ago. SIAM said the negative buyer sentiment may continue for a longer period if the high fuel prices and interest rates do not come down. “The external trends have had a very negative impact on sales. If these factors do not change then the current sentiment will continue,” Sugato Sen, senior director, told IANS. Earlier, SIAM had brought down its sales forecast from 12-15 to 9-11 per cent. If the August sales trend continues then it may have to further downgrade its annual sales forecast. “We will carry out a formal exercise to determine the rates in October,” Sen added. Passenger car market leader Maruti Suzuki logged 40 per cent lower sales in August as compared to the offtake during the corresponding month of 2011. The automobile maker was hit by labour unrest last month. From gulftoday

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india’s car sales fall 18 in august Arab Today, arab today india’s car sales fall 18 in august

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india’s car sales fall 18 in august Arab Today, arab today india’s car sales fall 18 in august

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday