December car sales fall 12.5 percent

Source : REUTERS
Last Updated: Wed, Jan 09, 2013 06:21 hrs
New Volkswagen cars are seen in a vehicle parking space in the port of Koper

Car sales in India fell 12.5 percent year-on-year in December, the second consecutive monthly fall, as high interest rates and rising ownership costs slashed demand in a once-booming market.

Automakers sold 141,083 cars in India in December, according to data released on Wednesday by the Society of Indian Automobile Manufacturers (SIAM).

Sales of motorcycles rose 4.8 percent in December to 844,113 vehicles. Truck and bus sales were 62,786 vehicles during the month, down 13 percent.

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