The auto sector is witnessing a continuous recession, after last week's record, once again new records have emerged which are showing this recession according to the data released by the Society of Indian Automobile Manufacturers (SIAM). The month of September has also proved to be extremely disappointing for automobile companies. Passenger vehicle sales in September declined by 33.4 percent to 1.31 lakh units on an annual basis.

Finance Minister Laka statement has come out in this filed of recession, Finance Minister Nirmala Sitharaman said in Pune, "I am in talks with the automobile sector of the country, they have met me twice in Delhi. Consumer demand for the automobile sector has not been revived, they can always talk to me if the sector wants anything. ”

It is to be noted that according to the latest data from SIAM, sales of passenger cars, as well as two-wheelers and commercial vehicles, have registered a decline in September. The same, if the new figures are compared to the old ones, then according to the data, the sales of 2-wheeler has decreased by 22.09 per cent to 16.6 lakh units on an annual basis. While annual sales of domestic passenger vehicles declined by 23.7 percent to 2.23 lakh units. Besides, annual sales of commercial vehicles declined by 39.1 percent to 58,419 units. During the festive season, where there were chances of improvement in the sector, which is not visible, during this time, expect good results.

Also Read:

MV Agusta's 800cc bike launched in India, read details

This two wheeler company of Japan will compete with Royal Enfield, will bring new bike

Mahindra launched special edition of Bolero, read details

Maruti Suzuki is bringing another new car, know its features