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Sept car sales fall 1.8%: Siam

Sept car sales fall 1.8%: Siam
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First Published: Mon, Oct 10 2011. 03 23 PM IST

Visitors inspect cars on display at a stall, during the “Auto Expo”, at the Pragati Maidan exhibition hall in New Delhi. Photo: AFP
Visitors inspect cars on display at a stall, during the “Auto Expo”, at the Pragati Maidan exhibition hall in New Delhi. Photo: AFP
Updated: Mon, Oct 10 2011. 03 24 PM IST
New Delhi: Car sales fell 1.8% in September, an industry body said on Monday, as rising interest rates and vehicle costs hurt demand in the world’s second-fastest growing auto market after China.
Visitors inspect cars on display at a stall, during the “Auto Expo”, at the Pragati Maidan exhibition hall in New Delhi. Photo: AFP
Automakers sold 165,925 cars in September, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Sales of trucks and buses, a key pointer to the country’s economic activity, rose 18.05% to 70,634 in September, SIAM said.
Demand for cars had shrank in July for the first time in nearly three years.
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First Published: Mon, Oct 10 2011. 03 23 PM IST