INSUBCONTINENT EXCLUSIVE:
Domestic passenger car sales declined 35.95 per cent to 1,22,956 in July, according to SIAM data
Domestic passenger vehicles sales in India plunged 30.98 per cent to 2,00,790 units last month, data from industry body SIAM or Society of
Indian Automobile Manufacturers revealed on Tuesday
The drop in sales is the worst since December 2000, when the industry sold a fifth of the vehicles it sells currently
The sales report highlighted that passenger vehicle sales in the country declined for the ninth month in a row amid a contraction across
segments as the "auto industry downturn" deepened
Out of the total passenger vehicle sales, the figure for the passenger car segment declined 35.95 per cent to 1,22,956 in July, according to
Here are 10 things to know:The data also showed that domestic passenger vehicle production was down 16.52 per cent last month
Production of passenger cars stood at 2,05,194 units in July, down 20.08 per cent compared with the year-ago period.The data from SIAM comes
per cent during the session.A total of 61,104 passenger vehicles were exported last month, marking a decline of 4.43 per cent compared with
Commercial vehicle exports dropped 32.87 per cent to 5,794 units.Total commercial vehicle sales in the domestic market fell 25.71 per cent,
while production declined 26.44 per cent.Total sales of medium and heavy commercial vehicles - which includes passenger as well as goods
carriers - slumped 37.48 per cent while production fell 37.77 per cent, according to SIAM data
In the light commercial vehicle segment, sales fell 18.79 per cent with a 19.72 per cent decline in production.In the first six months of
the current financial year, the auto industry produced 97,24,373 vehicles - including passenger vehicles, commercial vehicles, three
wheelers, two wheelers and quadricycles, marking a fall of 10.65 per cent compared with the corresponding period a year ago.The country's
GDP or gross domestic product grew 5.8 per cent in the quarter ended March 31, the lowest rate of expansion in nearly five years
Many analysts expect data due later this month to show that economic growth in the quarter ended June 30 faltered even further.Get Breaking
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