High interest rates and rising car prices caused sales in India to fall 10.1% in August.
Automakers sold 144,516 cars in August, according to the Society of Indian Automobile Manufacturers (SIAM).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Sales of trucks and buses, a key pointer to the country’s economic activity, rose 22.6% to 64,248 in August, SIAM told Reuters.
