Friday, November 29th, 2024

Automobile sales see worst-ever monthly drop in India


09 September 2019  

Time taken to read : 2 Minute


  • A
  • A
  • A

NEW DELHI: Sales of automobiles in India witnessed its worst-ever drop in August this year with dispatches in all segments, including two-wheelers and passenger vehicles, Indian media reports have said.

This has continued to plummet as the automobile sector reels under an unprecedented downturn.

This, as Society of Indian Automobile Manufacturers (SIAM), said, is the steepest fall in overall vehicle sales in India.

The SIAM started recording wholesale of vehicle data in 1997-98.

According to the data, vehicle sales across categories stood at 18,21,490 units last month in 2019 as against 23,82,436 units in August 2018, which is a fall of 23.55 percent.

In July 2019, the overall auto sales witnessed its sharpest decline in nearly 19 years.

Likewise, domestic public vehicles sales saw a fall in August, declining by 31.57 percent to 1,96,524 units from 2,87,198 units last year.

According to SIAM, car sales in August were the worst ever. In August, domestic car sales were down 41.09 percent. (Agencies)

Publish Date : 09 September 2019 17:23 PM

Court grants 5-day extension for Durga Prasai’s investigation

KATHMANDU: The Kathmandu District Court has granted permission to extend

Paras Khadka asks fans without tickets to watch NPL inaugural match at home

KATHMANDU: Paras Khadka, Secretary of the Cricket Association of Nepal

Five people killed in Ramechhap jeep accident

RAMECHHAP: Five people have died in a jeep accident in

Writ filed in SC demanding cancellation of decision not to prosecute Lilaballav

KATHMANDU: A writ petition has been filed in the Supreme

ACC U-19 Asia Cup: Sri Lanka sets 234-run target against Nepal

KATHMANDU: Sri Lanka has set a target of 234 runs