Automobile sales in India fell lower for the seventh straight month, dropping 12% Y/Y to 143,216...

|By:, SA News Editor

Automobile sales in India fell lower for the seventh straight month, dropping 12% Y/Y to 143,216 units amid weak economic conditions. The prolonged slump has hit Tata Motors (TTM) and Maruti Suzuki (SZKMF.PK) hard as the local automakers also face increasing competition from Ford, Honda, GM, and Hyundai in the region.