India’s Passenger Vehicle Sales See Steepest Fall In Sept

NEW DELHI, Oct 19 (NNN-PTI) – India’s passenger vehicle retail sales in Sept, declined 20.1 percent to 157,972 units, against the same period last year, the steepest fall on record, according to data released by India’s Federation of Automobile Dealers Associations (FADA), Friday.

Passenger vehicle sales stood at 197,653 units in Sept, 2018, according to FADA.

Retail sales of two wheelers also decreased 12 percent year-on-year, to 1,098,271 units as compared to 1,248,998 units in the year before.

Commercial vehicle sales declined by 18.5 percent year-on-year to 63,518 units, against 77,980 units in Sept, last year.

Total sales across categories declined by 12.9 percent to 1,375,314 unites in Sept, against 1,579,191 units, in the same month last year.

FADA President, Ashish Harsharaj Kale, said, retail sales were under pressure during the month and the de-growth was on expected lines.

The continued heavy monsoons in major states also contributed to the sales lag, he said.– NNN-PTI