BackCar sales hit three-year low, two-wheelers gain
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11 Sep 2008, 11:40 PM IST
Car sales hit three-year low, two-wheelers gain
PremiumSlowing: The passenger vehicle segment, comprising cars, utility vehicles and mutli-utility vehicles, registered a growth rate of 8%. Indranil Bhoumik/Mint
Mumbai: Auto sales in the passenger as well as commercial vehicles segments slowed in the five months of this fiscal year, hobbled largely by higher interest rates and a slowing economy.
Slowing: The passenger vehicle segment, comprising cars, utility vehicles and mutli-utility vehicles, registered a growth rate of 8%. Indranil Bhoumik/Mint
Sales of light commercial vehicles dropped to a growth rate of 9.51%, despite a marginal increase in the commercial vehicles segment. Over the past two years, the growth rate in light commercial vehicles sales has been declining by almost half annually for the period, matching the decline in sales of heavy commercial vehicles.
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Published: 11 Sep 2008, 11:40 PM IST
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