New Delhi /Noida, Feb 12 (ANI): Car sales in India fell 7.6 percent in January, the fourth straight month of decline, according to figures released by the Society of Indian Automobile Manufacturers (SIAM), in a market set to fall for the second straight year. Car sales fell to 160,289 vehicles last month, the industry body said, as consumers kept a tight lid on spending, hurt by high interest rates and fuel costs in a slowing economy. Sales have fallen 5.2 percent so far this fiscal year that ends in March. The Deputy Director General of Society of Indian Automobile Manufacturers (SIAM), Sugato Sen, said that the auto industry is hoping that the government may cut factory gate duties when it presents the interim budget while there are no signs of an immediate recovery.
