MUMBAI -- Indian new-vehicle sales declined in 2019 for the first time in five years as economic growth and lending slowed, knocking the country down one spot in market size to fifth place behind Germany.
Automobiles
India auto market skids to No. 5 behind Germany in 2019
With sales down 13%, slump hits every major brand except Renault
A Toyota Motor dealership in Mumbai: Indian unit sales sank for all major automakers in 2019 except Renault. (Photo by Akira Hayakawa)
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