India's April auto sales slows down for 5th consecutive month

New cars are seen outside a showroom in Kolkata, India, May 14, 2019. India's automobile sector continued its bumpy ride for the fifth consecutive month in April with 20 percent drop in car sales and 16 percent drop in two-wheeler sales, compared with the same period last year. The drastic drop in sales was attributed to several factors including liquidity squeeze in the market, rising fuel cost, interest rates and insurance costs that has dampened consumer sentiment. (Xinhua/Tumpa Mondal)