India's car sales in February fell 26 per cent from a year earlier, the biggest fall in more than 12 years, as weakness in the economy and high cost of fuel and finance continued to dampen demand. Car manufacturers sold 158,513 units in February compared with 213,362 in the same month a year ago, the Society of Indian Automobile Manufacturers (SIAM) said on Monday. It was the fourth consecutive monthly slide and the worst performance since December 2000, when sales had plunged 40 per cent. SIAM said car sales could decline by a larger margin for the full fiscal year as all industry segments are showing signs of deceleration.

Source - http://economictimes.indiatimes.com