Auto sales decline by 12.7% in October 2019, signalling prolonged slowdown

Domestic vehicle sales across all categories declined by 12.76% in October to 21.76 lakh units compared to 24.94 lakh units in the year-ago period, data released by the Society of Indian Automobile Manufacturers (SIAM) showed on Monday.

Passenger car sales slipped by 6.34% to 1.73 lakh from 1.85 lakh in October last year. Van sales dropped by 35% to 10,653 from 16,410 but utility vehicle sales gained by 22.22% to 1 lakh from 82,413 in the same period.

The decline in total domestic passenger vehicle sales in October works out to 0.28% year-on-year, said SIAM.

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Total two-wheeler sales declined by 14.43% to 17.57 lakh units compared to 20.53 lakh units in the year-ago month. Motorcycle sales were down by 15.88% to 11.16 lakh units as against 13.27 lakh units a year earlier.

A total of 66,985 three-wheelers were sold in October compared to 69,483 in the same month of last year, marking a decline of 3.6%.

However, the commercial vehicle segment suffered a sales loss of 23.31% with 66,773 units sold last month compared to 87,067 units in October last year.

The automobile sector has been experiencing a slump with nearly all manufacturers reporting falling sales due to subdued consumer sentiment amid an economic slowdown.


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