Slowdown continues in auto industry, car sales slump to 1.34% in Dec
Showing no signs of recovery, sales of domestic passenger vehicles clocked a 1.34% decline in December as compared with the year-ago period. The sales dipped to 2,35,786 units last month while during the same period in 2018, it stood at 2,38,753.
Showing no signs of recovery, sales of domestic passenger vehicles clocked a 1.34% decline in December as compared with the year-ago period. The sales dipped to 2,35,786 units last month while during the same period in 2018, it stood at 2,38,753.
Domestic car sales were down 8.4% to 1,42,126 units as against 1,55,159 units in December 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Motorcycle sales last month declined 12.01% to 6,97,819 units as against 7,93,042 a year earlier.
Total two-wheeler sales in December declined 16.6% to 10,50,038 units compared to 12,59,007 in the year-ago month. Sales of commercial vehicles were down 12.32% to 66,622 units in December SIAM said.
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Vehicle sales across categories registered a decline of 13.08% to 14,05,776 units from 16,17,398 units in December 2018, it added. In 2019, the passenger vehicle sales declined by 12.75% to 29,62,052 units as compared with 33,94,790 units in 2018.
Vehicle sales across categories declined by 13.77% in January-December 2019 to 2,30,73,438 units as against 2,67,58,787 in 2018.
(With inputs from agencies)
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