According to data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in January declined marginally to 1,68,303 units compared with 1,69,527 units in January 2015.

It is, however, bullish on the passenger vehicles segment to grow in the range of 8-12 percent in the next fiscal.

Overall passenger vehicle sales during the month grew marginally to 2,32,016 units in January as against 2,09,086 units in the year-ago period.

He, however, termed the dip in passenger car sales a 'temporary blip'.

Rising for a 14th straight month, car sales in the country surged by 12.87 percent in December as customers were induced by the auto industry into buying new vehicles by offering record discounts.

When asked about the outlook for the next fiscal, Mathur said: "We expect the overall passenger vehicle sales to grow in the range of 8-12 percent. In the current fiscal we expect to grow by 6-8 percent. Till January we have grown by 8 percent."

During last month, market leader Maruti Suzuki India posted a marginal growth in its passenger vehicles sales at 1,06,383 units. Its car sales declined 1.41 percent to 87,757 units during the period.

Rival Hyundai Motor India saw its passenger vehicle sales rise by 9.3 percent to 38,016 units in January, driven by newly launched SUV Creta.

Its passenger car sales declined 9.36 percent to 31,398 units during January compared with 34,643 units in the same period of previous year.

Honda Cars India's passenger car sales stood at 16,613 units as against 15,331 units in the same month last year, up 8.36 percent, SIAM said.

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