Car sales in India in July, for the first time in 30 months, fell 15.8 percent, from 158,767 units to 133,747 units. The Economic Times reported, citing sources from the Society of Indian Automobile Manufacturers (SIAM), yesterday.
"This is the first since January 2009 car sales dropped. Interest rates and fuel price rises in recent months, leading to negative market sentiment, "said Director General of SIAM, Vishnu Mathur told reporters. The biggest sales decline in the country occurred in November 2008, ie 19.34 per cent.
Maruti decline in production at its plant, because Manessar was preparing to launch the new Swift. In early August, Maruti Suzuki India (MSI) says, because these two activities, sales were down nearly 17,000 units in July.
"Demand is not really down. But there is a delay by the consumer, "said Mathur. Meanwhile, Senior Direkut SIAM, Sugato Sen said, the unavailability of casting components affect the performance of the MSI plant. Maruti Suzuki sales of 52.438 units last month, down 31.04 percent in local markets
While Hyundai's rivals India, down 11.49 per cent only selling 25,501 units. SedangkanTata down 43.13 percent with sales of 13,997 units.
"Flowers banks and fuel prices is a challenge for the market. Expected bank interest peaked. Positive impact, inflansi will go down. But with no holidays in the coming months, is expected car sales in the country will rise again, "said Mathur.
the decline in sales due to rising interest rates of low production capacity of the market leaders in India
