Why did Indians buy fewer cars in February?
Car sales in February 2025 may be the weakest in recent years, CNBC-TV18 reported. Significant discounts in December 2024 encouraged buyers to purchase vehicles earlier than planned. Price hikes in January and February 2025 discouraged car buyers. Stock market rout may have also forced consumers to tighten their purse strings. Financing companies also lowered Loan to Value (LTV) ratios.