India car sales shrink for first time in decade


NEW DELHI: India's once red-hot car market shrank for the first time in a decade in the last financial year, industry figures showed Wednesday, underlining the scale of the slowdown in Asia's third-biggest economy.

Passenger car sales fell by 6.7 percent in the financial year to March 2013 to 1.89 million units compared with from 2.03 million the previous year, the Society of Indian Automobile Manufacturers (SIAM) said in a statement.

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