New vehicle sales in India fell by 9.8% to 186,464 units in July, from 206,654 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers. 

The country’s economic growth has continued to slow in recent months, to around 5% from 7.8% in previous years. The rupee has depreciated significantly against the US dollar since the beginning of the year and interest rates have been hiked to fight inflation.

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Passenger car sales fell by 7.4% to 131,163 units in July, compared with 141,646 units a year earlier, while commercial vehicle sales declined by 14.9% to 55,301 units from 65,008 units previously.

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