Car sales dip for fourth straight month as manufacturers await GST rate revision

Car sales in India fell for the fourth consecutive month in August, with 321,840 vehicles dispatched, down 8.8% from last year, as manufacturers adjusted shipments ahead of revised GST rates. Three-wheeler and two-wheeler sales rose 8.3% and 7.1% respectively. Industry leaders expect GST reductions to boost demand during the upcoming festive season.

from Auto-Industry-Economic Times https://ift.tt/h9EeuBJ