India car sales set to decline in FY13, first time in a decade
ENS Economic Bureau: New Delhi, Feb 12 2013, 00:48 IST
said, adding even new model launches have not been able to have a major uplifting impact.
He said the auto industry has put forward demands to the government to reduce excise duties on small cars to 10 per cent and big cars to 22 per cent in the upcoming Budget.
On the other hand, sale of two-wheeler in January increased by 8.46 per cent to 12,06,937 units from 11,12,767 units in the same period of previous year. Total sale of vehicles across categories registered a growth of 5.31 per cent to 15,61,104 units in January 2013 as against 14,82,437 units in the corresponding month of the previous year, it added.
The cumulative production data for April-January 2013 shows a 2.76 per cent growth over the same period last year.
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