India sees slide in car sales

Source:AFP Published: 2012-12-10 22:40:06

India's car sales slid more than 8 percent in November from a year earlier, industry data showed Monday, underscoring the slowdown in Asia's third-largest economy.

India had been one of the world's fastest-growing car markets in recent years. But purchases have slowed sharply as consumers grow wary of committing to big-ticket items owing to the economic downturn, expensive loans and high fuel costs.

AFP



Posted in: Economy

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