Car Sales in India Drop Most in Two Decades
- July car sales drop 36%, the biggest drop since December 2000
- Auto industry seeks help from government to boost demand
Customers inspect a VW Audi Q7 SUV on display inside a dealership in New Delhi.
Photographer: Graham Crouch/Bloomberg
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Passenger vehicle sales in India dropped the most in nearly two decades, with the decline extending for a ninth straight month amid a broader slowdown in Asia’s third-largest economy.
Car sales fell 36% from a year earlier to 122,956 units in July, data released by the Society of Indian Automobile Manufacturers showed. Passenger vehicle sales slumped 31%, while truck and bus sales fell 26%.