Auto sales in December slump

Much like the rest of the year, the domestic automobile industry signed off 2012 on a low key as consumers refused to be lured by all time high discounts on offer in the last month.

Homegrown auto major Tata Motors led the sob story with a surprising 51% drop in sales in December. Korean Hyundai Motor, Toyota and General Motors too saw varying rates of decline.

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Two-wheelers fared no better. Market leader Hero MotoCorp registered almost flat sales, while TVS saw a 10% decline. Mahindra and Mahindra, Honda and Ford managed to buck the trend.