India’s economic slowdown hits car sales: SIAM

On Friday, the Society of Indian Automobile Manufacturers (SIAM) stated that last year, the sales of cars fell by a record 19% in India. It is on account of a slowing economy. It has made consumers resistant to spend on such items. This year, it is predicted that the demand is likely to flat.

From 2.24 million in 2018, passenger car sales fell to 1.81 million in 2019. However, sales of sport-utility vehicles (SUVs) rose 5%. It was ba....