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Auto sales in December slump
Auto sales in December slump

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.

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.

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.

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