The government on Thursday said the production of passenger cars marginally declined by 1 per cent year-on-year to 15.9 lakh (1.59 million) in April-November 2012 due to factors including slow economic growth and high interest rates.
Out of the 16 car manufacturers, nine companies have reported decreased production, three more companies have reported only marginal growth (less than 4 per cent) and only four companies "have been doing well", he said in a written reply to Lok Sabha.
Among the companies, which registered a production decline in the first eight months of the current fiscal, Fiat India Automobiles witnessed a 47 per cent drop in output, followed by Mercedes Benz India 26.8 per cent, General Motors India 23.7 per cent and Volkswagen India 23.2 per cent, Patel said referring to Society of Indian Automobile Manufacturers (SIAM)
PICS: Breathtaking scenes from India and around the world
View: India is NOT Modi and Modi is not India
Flush with win, Modi calls on arch-rival Keshubhai Patel
Markets remain firm, Tata Motors top gainer
Two Indian women racially assaulted in Australia