New Delhi: In India, the Passenger vehicle sales witnessed drop of 17.07 per cent in April, the steepest fall since October 2011.
The domestic sales declined for a sixth straight month in April to 2,47,541 units against 2,98,504 units in the year-ago month. It is the worst dip in PV sales since October 2011 when sales had dropped by 19.87 per cent.
According to data released by the Society of Indian Automobile Manufacturers (SIAM, All major segments, including two-wheelers and commercial vehicles, dropped in sales in April.
The domestic car sales declined 19.93 per cent to 1,60,279 units last month compared to 2,00,183 in April 2018. Motorcycle sales declined 11.81 per cent to 10,84,811 units last month as against 12,30,046 units in the year-ago month.
According to the SIAM, the total two-wheeler sales in April declined 16.36 per cent to 16,38,388 units compared to 19,58,761 units in the year-ago month. Similarly, commercial vehicle sales were down 5.98 per cent to 68,680 units in April. Vehicle sales across categories registered a decline of 15.93 per cent to 20,01,096 units from 23,80,294 units in April 2018.
SIAM Deputy Director General Sugato Sen told reporters, "In the last ten years, we have not seen anything like this when all the segments are down. The start of the new financial year has not turned out to be very good,"