Passenger vehicles sales down 3.8% in July: SIAM

According to a new report from the Society of Indian Automobile Manufacturers (SIAM), the sales of automobiles in India are down 3.86% from last year.

Passenger vehicle sales in the country totalled 1.82 lakh in July, marking a decline of 3.86 per cent from 1.9 lakh units in the year-ago period, data released by the Society of Indian Automobile Manufacturers (SIAM) showed on Tuesday.

Three-wheeler sales totalled 12,728 units last month, marking a decline of 77.16 per cent from 55,719 units in July last year. Two-wheeler sales dipped by 15.24 per cent to 12.81 lakh units in July compared to 15.11 lakh units in the year-ago period.

SIAM said the total production of passenger vehicles including three-wheelers, two-wheelers and quadricycles in July was 17.15 lakh units as against 24.28 lakh units in the same month of last year with a de-growth of 29.36 per cent. “After few consecutive months of plummeted sales in a post-COVID scenario, there are signs of green-shoots in passenger vehicles and two-wheelers where the year-on-year de-growth is much lesser than the previous months,” said SIAM President Rajan Wadhera.

Also read: SC directs Centre to ensure doctors, healthcare workers receive salaries on time

Also read: ‘We cannot go on ignoring our informal sector’: Rahul Gandhi in interaction with Mohommad Yunus

“The sales numbers in August will indicate if this is a sustainable demand and not just a pent-up demand,” he added.

Also read: Covid-19 impact on auto-industry: Maruti Suzuki reports net loss of Rs 249 crore in Q1 FY21