Mexican Media Brands
India’s Car Market Improves
Passenger vehicle sales in India grew about 1% year to 160,700 units in February compared with a year earlier, according to the Society of Indian Automobile Manufacturers.
#economics
Share
Passenger vehicle sales in India grew about 1% year to 160,700 units in February compared with a year earlier, according to the Society of Indian Automobile Manufacturers.
Analysts say the modest improvement suggests that government tax cuts on vehicles were able to overcome consumer worries about India's sluggish economy and high fuel prices.
Sales by market leader Maruti Suzuki advanced about 1% to 84,600 units in February. SIAM notes that car sales through the first 11 months of the fiscal year that began last April totaled 1.6 million units, down nearly 5% year on year.
RELATED CONTENT
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data