New-car sales figures from India and China highlight the damaging impact that high fuel prices, inflationary pressures and supply bottlenecks are having on consumer spending in the world’s two largest emerging economies.
The Society of Indian Automobile Manufacturers (Siam) said sales of cars in India in May rose 7 per cent to 158,817 compared with 148,425 the year before – the slowest rate of growth in two years.
The deceleration shows how a combination of rising interest rates on car and home loans, as well as the higher cost of fuel and other essential items is encouraging some Indian consumers to postpone discretionary purchases.
您已閱讀37%（639字），剩余63%（1083字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。