Monthly Indian car shipments fall again in sign of cooling demand

Monthly Indian car shipments fall again in sign of cooling demand Monthly Indian car shipments fall again in sign of cooling demand

BENGALURU — Automakers in India have shipped fewer cars to dealers for the second month in a row as stunted wage growth and sticky inflation drag down demand in the world’s third-largest auto market.

The Society of Indian Automobile Manufacturers (SIAM) said Wednesday that such shipments totaled 329,742 in March, a just under 0.5% decrease from Febru but a 3.7% increase year on year.