Passenger vehicle sales fall the most in 18 years

June 12, 2019 |
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Passenger vehicle sales fall the most in 18 years

NEW DELHI: Indian automobile sales continued to slide in the run-up to the general elections last month as manufacturers slashed production to rationalise their inventory in the face of weak consumer demand. 

Society of Indian Automobile Manufacturers (Siam) data showed passenger vehicle sales last month declined 20.55% to 239347 units – the sharpest fall recorded in the last 18 years. Passenger vehicle sales dropped 21.91 in September 2001. 

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