India: Automobile Sector continues to remain Sluggish over falling Demand

Domestic passenger car sales declined by 7.4% to 1,31,163 units in July this year from 1,41,646 units in the same month in 2012.

Motorcycle sales too declined by 1.5% to 8,09,312 units in the last month, from 8,21,821 units in the same month previous year, the data released by the Society of Indian Automobile Manufacturers (SIAM) showed.

Total two-wheeler sales in July 2013 declined by 0.06% to 11,31,992 units from 11,32,696 units in the same period of the previous year.

Total sales of commercial vehicles declined by 14.9% to 55,301 units from 65,008 units in the year-ago period, SIAM said.

Total sales of vehicles across different categories registered a decline of 2% to 14,15,102 units in July 2013 as against 14,45,112 units in the same month of 2012, SIAM further added.

–       Sourced

 


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