India Car Sales Fall for First Time in More Than 2 Years
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India’s car sales fell in July from a year earlier, the first monthly decline since January 2009, after higher interest rates and production changes at Maruti Suzuki India Ltd. damped deliveries.
Automakers sold 133,747 cars in the country last month, a 16 percent drop from a year earlier, according to data released by the Society of Indian Automobile Manufacturers in New Delhi today. The decline in July was the biggest since November 2008.