Car sales in India fell 17.1% in April

In April 2019, the number of cars sold in India amounted to 247,541 cars, the Society of Indian Automobile Manufacturers reported. The fall in sales relative to the same month last year was 17.1% and was the most significant since 2011. Car sales have been declining in the country for the past 10 months. Two-wheeled vehicles last month were sold 16.4% less than a year earlier. At the same time, sales of motor scooters fell by 26%, motorcycles - by almost 12%. In total, the country produced 2 million 360 thousand vehicles, which is 10.7% less than in April 2018. Data from the Society of Indian Automobile Manufacturers for April indicate a slowdown in the Indian economy, which in recent quarters has been the fastest in the world. According to analysts, the main reason for the fall in car sales was the difficult situation in the market for short-term debt in India.

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