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Car sales in India declined by 12.45% to 1,73,420 units in January this year compared to 1,98,079 units in the same month of 2012, SIAM reportedly said.
Society of Indian Automobile Manufacturers (SIAM) reported that motorcycle sales in last month grew by 7.45% to 8,86,527 units from 8,25,050 units in the same month previous year.
Total two-wheeler sales in January 2013 increased by 8.46% to 12,06,937 units from 11,12,767 units in the same period of previous year, says SIAM.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.