India's Vehicle Sales Drop More Than 7%, Witness Fourth Monthly Drop 11-Feb-2014


India’s car sales dropped 7.6% to 160289 vehicles in January 2014 compared to the same month last year, recording their the fourth straight month of decline, according to figures released by the Society of Indian Automobile Manufacturers (SIAM), in a market set to fall for the second straight year. Sales have fallen more than 5% so far this fiscal year that ends in March. Sales of passenger vehicles, which include cars and utility vehicles, dropped nearly 9% in January.