SIAM: Car sales in India dropped for sixth consecutive month in April

by Paul Joseph on May 11, 2013 · 0 comments

According to the statistics released recently by the Society of Indian Automobile Manufacturers (SIAM), the sales of passengers car in India witnessed a decline during the month of April; marking the sixth consecutive monthly fall in car sales in the country. Pointing out that the drop in car sales is apparently an upshot of sluggish economic activity, high financing costs, and increased fuel expenses, SIAM said that the total sales of cars in India during the month of April stood at 1,50,789 units. read more

[via Stock Watch – Stock Specific News]

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