Car sales to dealers hit 18-month low on weak urban demand

Indian automakers' car sales to dealers slid to an 18-month low in June, data from an industry body showed on Tuesday, amid weak demand in urban areas.

- Reuters

Urban Indians have tightened discretionary spending for a better part of this year, with wage hikes lagging the growth seen in previous years.

Car makers delivered 312,849 units to dealers last month, the Society of Indian Automobile Manufacturers said in a statement, down 7.4% from 337,757 units a year before.