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Admin Reporter- Ajay

Jun 12 2019


Car, Suv Sales Fall 21% In May, Biggest In 18 Yrs

Delhi,12,June,2019

 

There has been a steady decline in the sales of vehicles in the Indian market till the Lok Sabha elections last month. Manufacturing companies had reduced the production according to the inventory in view of the poor demand of the customers. According to data released by industry body Siam , Passenger Sales Cells decreased 20.55% last month to 2,39,347 units. This was the fastest fall of the last 18 years in the sales of trains. In September 2001, there was a huge reduction in passenger trains sales of 21.91%.

 

 

Total sales of vehicles went down 8.62% in May, Sales of Commercial Vehicles fell by 10.02% to 68,847 units. Two Wheelers' wholesale volume decreased by 6.73% to 17,26,206 units. As far as the Total Vehicle Sales is concerned, it dropped 8.62% in May to 20,86,358 units. Siam director general Vishnu Mathur said, "The trend of decline in sales remained in May also. Retail sales figures have been better than wholesale data, thereby indicating the steps taken by the industry to reduce production. Inventory level is continuously improving.

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