Fuel prices, interest rates hit car sales in May
Hit by spikes in fuel prices and interest rates, car sales in the domestic market slowed down considerably in May with auto makers stating that the industry is in for a tough summer. While market leader Maruti Suzuki India (MSI) reported a growth of only 2 per cent in sales in the domestic market, rival Hyundai Motor India Ltd's (HMIL) volumes also grew just 2 per cent year-on-year.
