Passenger vehicle sales decline for 11th straight month, drop 24% in September


NEW DELHI: Domestic passenger vehicle sales dropped by 23.69 per cent in September to 2,23,317 objects, down from 2,92,660 objects within the year-within the past length, making it the 11th consecutive month of decline in vehicle off-settle.

Domestic automobile sales had been down 33.4 per cent to 1,31,281 objects closing month as against 1,97,124 objects in September 2018, in accordance with recordsdata released by the Society of Indian Automobile Manufacturers (Siam) on Friday.

SIAM pins auto alternate revival hopes on festive season, upcoming scrappage policy

The vehicle alternate is pinning its hopes on the festive season and upcoming scrappage policy for the revival of sales. SIAM recordsdata unearths 2.23 lakh objects of passenger vehicles had been supplied in April-September 2019 (H1), registering 23.56% degrowth over the identical length closing year.

Motorbike sales closing month declined 23.29 per cent to 10,43,624 objects as against 13,60,415 objects a year earlier.

Complete two-wheeler sales in September declined 22.09 per cent to 16,56,774 objects in contrast to 21,26,445 objects within the year-within the past month.

Sales of business vehicles had been down 39.06 per cent to 58,419 objects in September in comparison with 95,870 objects within the identical length of closing year, Siam said.

Automobile sales throughout categories registered a decline of 22.41 per cent to 20,04,932 objects from 25,84,062 objects in September 2018, it added.

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