Automobile sales in India fell 12.5% Y/Y to 141K due to high interest rates and steep fuel...

|By:, SA News Editor

Automobile sales in India fell 12.5% Y/Y to 141K due to high interest rates and steep fuel prices, according to The Society of Indian Automobile Manufacturers. The forecast for sales in 2013 in the nation has now been lowered all the way down to the 0%-1% range after being as high as 9%-11% just a few months ago. Key sellers in India include General Motors (GM), Ford (F), Hyundai (HYMLF.PK), and Maruti Suzuki (SZKMF.PK).