Amid the deepening crisis in the auto sector, India’s domestic passenger vehicle sales fell 30.9% in July 2019, an auto industry body said on Tuesday.
This marked a ninth straight decline in monthly sales that has triggered over 2 lakh job losses in the auto sector.
The country’s automakers sold a total of 200,790 passenger vehicles in July, according to data released by the Society of Indian Automobile Manufacturers (SIAM). The data also showed that domestic passenger vehicle production was down nearly 17% in the month.
The overall sales for the segment were reported at 290,931 units in the same month last year. Commercial vehicles, on the other hand, also witnessed one of the worst dips of 25.71 % to 56,866 units last month.
Overall automobile sales in India down by 18.71% in July 2019. Total vehicles (including 2 and 3 wheelers) sales were 18,25,148 as compared to 22,45,223 vehicles sold in July 2018.
(With agency inputs)