Separate reports have already come in August from automobile companies on the sale of vehicles. On Monday, joint sales figures have been given by the top organization of these companies, SIAM, according to which the sales of all types of vehicles have decreased by 23.55 percent. Vehicle sales decreased by 18.71 percent in July. While releasing these figures, SIAM has again urged the government to reduce the rate of GST on vehicles. The GST Council is going to hold an important meeting on the 20th of this month.
Recently SIAM data revealed that sales of passenger vehicles fell by 31.57 per cent to 1,96,524. Sales of passenger vehicles in the domestic market have fallen by more than 41 percent. Sales of passenger vehicles have been declining continuously for the last 10 months. However, sales of two-wheelers declined by 22.33 percent in August, 2019. The heat of recession has also taken the scooter market in its JD, whose sales have fallen by 22.19 percent. The sector may face the challenge of BS-6 standards next year.
If we talk about the latest report of the Society of Indian Automobiles Manufacturers (SIAM), then the auto industry sold 12,020,944 vehicles for the total passenger vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycles by 12.25 percent in April to August 2019. is. With this, in the last financial year April to August 2018, this figure can reach 13,699,848 vehicles.
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