Car sales in India fell for the third time in four months in November as rising fuel prices, high borrowing costs and fears of job losses in a slowing economy crimped demand.
The sales decline intensifies worries among car manufacturers that the local market is unlikely to rebound in the current financial year through March.
The drop in November comes after a 23% sales jump in October.
Car sales during the April-November period grew 1.3% to 1.24 million autos. At the same period, sales of SUVs, most of which are diesel-powered, climbed 62% to 357,872 vehicles.
http://on.wsj.com/TWZzl5
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