INSUBCONTINENT EXCLUSIVE:
This is the worst-ever fall for both the categories since SIAM started recording the data in 1997-98.The country's monthly passenger
vehicle and car sales recorded their steepest fall ever in August, according to data released by an industry body on Monday, highlighting
the continued slowdown in the sector amid assurances by the government for revival.Passenger vehicle sales plunged 31.57 per cent
year-on-year to 196,524 units in August, falling for the 10th straight month, the Society of Indian Automobile Manufacturers (SIAM) data
showed, while passenger car sales fell 41.09 per cent to 115,957 units.This is the worst-ever fall for both the categories since SIAM
started recording the data in 1997-98.Auto companies' heads urged New Delhi to revive the sector, crippled by sluggish demand resulting in
hundreds of thousands of job cuts, at a conference last week.Road and Transport minister Nitin Gadkari assured them that the government was
working to help the sector and said he had asked the finance ministry to consider cutting taxes on petrol and diesel, as well as hybrid
vehicles.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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