Auto Sales See Sharpest Slump in 19 Years, the worst drop in 19 years

Aug 14 2019 12:36 PM
Auto Sales See Sharpest Slump in 19 Years, the worst drop in 19 years

The auto industry in India has currently sold 9,724,373 units in April-July 2019 with a decline of 10.65 percent for passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles. The figure stood at 10,883,730 units in the same period last year. Domestic sales of passenger vehicles have seen a decline of 21.56 percent from April to July 2019. Passenger vehicles include passenger vehicles, utility vehicles, and vans, which declined by 26.45 percent, 7.22 percent, and 30.97 percent respectively from April to July 2019.

According to media reports, the segment of total commercial vehicles has seen a decline of 13.57 percent from April to July 2019 compared to the same period last year. Medium and Heavy Commercial Vehicles (M&HCVs) sales have seen a decline of 21.63 percent and light commercial vehicle sales by 8.56 percent from April to July 2019. has been. In three-wheelers, from April to July 2019, compared to April to July 2018, passenger carriers have seen a decline of 8.02 percent and goods carrier by 4.82 percent.

For your information, sales of two-wheelers have seen a decline of 12.93 percent from April to July 2019. The two-wheeler segment comprises scooters, motorcycles, and mopeds, which have seen a decline of 11.18 percent and 20.17 percent respectively in April to July 2019 compared to April to July 2018. Exports of passenger vehicles and two-wheelers increased by 1.34 percent and 4.83 percent. However, exports of commercial vehicles and three-wheelers have seen a decline of 47.38 percent and 12.80 percent.

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