Car sales in India fell for the first time in a decade. Sales are expected to be subdued in the current fiscal year too. High interest rates, rising fuel prices and economic downturn have hurt auto sales. The auto industry, until recently growing at 30 per cent a year, has turned into one plagued by huge discounts, showrooms full of unsold cars, and chronic overcapacity. However, global investment bank Macquarie says growth will be skewed in favor of companies that introduce new models/variants.