www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Auto Global

India Feb car sales fall the most in 12 yrs

(Agencies) Updated: 2013-03-11 17:31

Car sales in India slumped 25.7 percent in February, the biggest fall in more than 12 years and the fourth consecutive monthly slide, an industry body said on Monday, as sluggish economic growth continues to weigh on demand.

The industry is expected to see it first decline in annual sales in a decade as high interest rates and rising fuel costs in Asia's third-largest economy put off buyers in a market that was once one of the world's most promising.

Automakers sold 158,513 cars in India last month, data from the Society of Indian Automobile Manufacturers (SIAM) showed. Car sales are down 4.6 percent for the first 11 months of the fiscal year ending in March, it said.

"There is no improvement in the market sentiment. People have more or less stopped discretionary purchases," Sugato Sen, deputy director general of SIAM told Reuters.

"This has really impacted the bottom of the pyramid, people who buy the smaller cars," he said, referring to the slowing economy that is expected to grow 5 percent, a decade low. "That is getting reflected in the numbers."

SIAM last month cut its car sales growth forecast for the year that ends on March 31 to 0-1 percent, its third downgrade this financial year from an initial estimate of 10-12 percent.

Sen, however, said that car sales in March were unlikely to reverse the falling trend for this fiscal year and annual sales were expected to end up in the "negative territory" for the first time since the 2002/03 fiscal year.

The demand for cars is likely to be hit in the near term by a surprise hike in taxes on sports utility vehicles (SUVs) in the last month's budget for the coming fiscal year. The demand for SUVs had provided some cheer for the automakers.

"We fear that there will be a change. There will be an impact," Sen said.

Over the past few years, billions of dollars of investment has poured into the industry from the world's biggest car makers including Ford, General Motors, and Nissan, hungry for growth outside their core markets.

Sales grew a record 30 percent in the year to March 2011 and annual sales have grown every year since the financial year that ended in March 2003, according to data from SIAM.

But a series of interest rate increases by the inflation-wary Reserve Bank of India, combined with a slowdown in India's once-breakneck GDP growth, saw sales growth fall to just 2.2 percent last year.

Sales of motorcycles fell 4.5 percent in February to 800,185 vehicles, SIAM said on Monday. Truck and bus sales, a key barometer for the health of the domestic economy, were down 11.1 percent at 68,388, the industry body said.

The automobile sector index was down 0.1 percent at around noon on Monday, while the broader Mumbai market index was little changed from its previous close.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: xxx免费视频 | 人摸人操| 国产精品合集久久久久青苹果 | 亚洲综合伦理一区 | 欧美理论大片清免费观看 | 午夜伦y4480影院中文字幕 | 欧美日韩精品一区二区三区视频 | 自拍偷拍二区 | 久久日本精品一区二区免费 | 亚洲视屏在线 | 国产一区二区在线视频 | 国产精品黄在线观看免费 | 久久精品国产在爱久久 | 亚洲国产欧美91 | 秘书高跟黑色丝袜国产91在线 | 国产精品一区二区三区免费 | 亚洲国产tv | 日日摸夜夜搂人人要 | 国产精品亚洲专区一区 | 又摸又揉又黄又爽的视频 | 亚洲天堂男 | 精品国产免费人成在线观看 | 成人男女啪啪免费观看网站 | 99视频在线精品免费 | 国产不卡毛片 | 免费一级毛片正在播放 | 国产一级片网址 | 久久综合精品国产一区二区三区 | 高清一区二区三区免费 | 一级片网站在线观看 | 特黄特色大片免费播放路01 | 国产成人久久 | 中文字幕乱码无线码在线 | 国产午夜不卡在线观看视频666 | 国产一国产一级毛片视频在线 | 久久一区二区三区免费播放 | 亚洲精品资源网在线观看 | 爽爽爽爽爽爽a成人免费视频 | 久久免费看视频 | 国产99视频精品免视看9 | 欧美性巨大欧美 |