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Indian Auto market continues to slump

 

According to the Indian Automotive Industry Association released data show that in August, India's total production of all types of vehicles (passenger cars, commercial vehicles, tricycles and two-wheelers) 1,691,553, a decrease of 2.2%, compared with the same period in 2012, an increase of 1,563,646 8.2%.

 

April to August, the Indian automobile exports fell 2.0%; commercial vehicles and two-wheelers exports decreased by 21.7% and 3.6%, while passenger cars and tricycles registrations were up by 12.4 percent and 33.0 percent.