Car sales tour go to south, down 23.69% in Sep

Domestic passenger vehicle sales dropped by 23.69 per cent in September to 2,23,317 units, down from 2,92,660 units in the year-ago period, making it the 11th consecutive month of decline in vehicle off-take.

Domestic car sales were down 33.4 per cent to 1,31,281 units last month as against 1,97,124 units in September 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday.

Motorcycle sales last month declined 23.29 per cent to 10,43,624 units as against 13,60,415 units a year earlier.

Total two-wheeler sales in September declined 22.09 per cent to 16,56,774 units compared to 21,26,445 units in the year-ago month.

Sales of commercial vehicles were down 39.06 per cent to 58,419 units in September as compared with 95,870 units in the same period of last year, SIAM said.

Vehicle sales across categories registered a decline of 22.41 per cent to 20,04,932 units from 25,84,062 units in September 2018, it added.

 

[Dhruv Bindhani]

Domestic passenger vehicle sales dropped by 23.69 per cent in September to 2,23,317 units, down from 2,92,660 units in the year-ago period, making it the 11th consecutive month of decline in vehicle off-take.

Domestic car sales were down 33.4 per cent to 1,31,281 units last month as against 1,97,124 units in September 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday.

Motorcycle sales last month declined 23.29 per cent to 10,43,624 units as against 13,60,415 units a year earlier.

Total two-wheeler sales in September declined 22.09 per cent to 16,56,774 units compared to 21,26,445 units in the year-ago month.

Sales of commercial vehicles were down 39.06 per cent to 58,419 units in September as compared with 95,870 units in the same period of last year, SIAM said.

Vehicle sales across categories registered a decline of 22.41 per cent to 20,04,932 units from 25,84,062 units in September 2018, it added.

The article from October 11, 2019, reports on the significant and sustained decline in vehicle sales across various categories in India for September 2019, based on data released by the Society of Indian Automobile Manufacturers (SIAM).

Here's a summary of the key figures and trends:

• Overall Domestic Passenger Vehicle Sales:
  
  • Decline: Dropped by 23.69% in September 2019 to 223,317 units, down from 292,660 units in September 2018.
  • Consecutive Decline: This marked the 11th consecutive month of decline in passenger vehicle off-take, indicating a prolonged slowdown in the sector.
• Domestic Car Sales:
  
  • Decline: Fell by a sharper 33.4% to 131,281 units last month, compared to 197,124 units in September 2018.
• Motorcycle Sales:
  
  • Decline: Declined by 23.29% to 1,043,624 units last month, down from 1,360,415 units a year earlier.
• Total Two-Wheeler Sales:
  
  • Decline: Registered a 22.09% decline to 1,656,774 units, compared to 2,126,445 units in the year-ago month.
• Commercial Vehicle Sales:
  
  • Steepest Decline: Experienced the sharpest drop, down 39.06% to 58,419 units in September, from 95,870 units in the same period last year.
• Vehicle Sales Across All Categories (Total Sales):
  
  • Overall Decline: Registered a 22.41% decline to 2,004,932 units, from 2,584,062 units in September 2018.

In essence, the data paints a grim picture of the Indian automotive sector in September 2019, with significant declines across all major vehicle segments and passenger vehicles experiencing a nearly year-long contraction. This indicates a broad-based slowdown in consumer demand and economic activity affecting the industry.