Market News

    Trump tariff, IT job cuts, heavy rains dampen auto sales in July; down 4.3%

    Uncertainty over US tariffs, possible impacts on the manufacturing sector, job cuts in the IT sector, and prolonged heavy rains collectively dampened automobile retail sales in India in July, which declined by 4.3 per cent compared to the same month last year. Two-wheeler sales contracted by 6.5 per cent, while passenger vehicle sales fell by nearly 1 per cent, according to data shared by the Federation of Automobile Dealers Associations (Fada).