Auto Sector Slowdown Continues As June Sales Fall 17.5%, Shows SIAM Data
The slowdown in India’s auto sector continued in June as domestic passenger vehicle sales declined by 17.54 percent to 2,25,732 units from 2,73,748 units in the year-ago period.
Domestic car sales were down 24.97 percent to 1,39,628 units as against 1,83,885 units in June 2018, according to data released by industry body Society of Indian Automobile Manufacturers on Wednesday.
Motorcycle sales in June declined 9.57 percent to 10,84,598 units as against 11,99,332 units a year earlier. Total two-wheeler sales in June declined 11.69 percent to 16,49,477 units compared to 18,67,884 units in the year-ago period.
Sales of commercial vehicles were down 12.27 percent to 70,771 units in June against 80,670 units in the same period a year ago, SIAM said.
Vehicle sales across categories registered a decline of 12.34 percent to 19,97,952 units from 22,79,186 units in June 2018, it added. In fact, all vehicle categories witnessed decline in sales during the month.
In the April-June period, passenger vehicle sales declined 18.42 percent to 7,12,620 units compared with 8,73,490 units in the year-ago period. Vehicle sales across all categories declined by 12.35 percent to 60,85,406 units in the April-June period against 69,42,742 units in same period of last year.