Automobile sales in India dropped 13% to just over 3.81 million units in April-December 2019 period. This is the first time new vehicle sales declined in the last 5 years. The Indian auto market is now the fifth largest market in the world, after Germany.
Market leader Maruti Suzuki witnessed a 19% drop while Hyundai had an 8% fall in numbers in the same period. Except for French carmaker Renault, all other carmakers posted a de-growth.
New entrants Kia and MG Motor too couldn’t keep the overall annual figures from the red.
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