A bad year
The automobile market in India ended 2013 as one of its worst years with a 10 per cent fall in overall sales, the first annual decline in 11 years.
With spiralling fuel prices, which kept borrowing costs high, the industry remained slow with 1,91,692 fewer units sold in 2013 compared with 2012.
Amid the gloom, 22 new cars and 40 new variants rode into the market, while 10 brands got a makeover. All this activity did little to perk up sales.
Text: Abhilasha Ojha, Business Standard
Images Courtesy: Ford