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Domestic passenger vehicle, car sales fall in April: SIAM

13 May 2019 Evaluate

Indians were less interested in cars and passenger vehicle at the start of current fiscal year, as the Society of Indian Automobile Manufacturers (SIAM) in its latest report showed fall of 17.07% in domestic passenger vehicle (PV) sales to stand 2,47,541 units in April 2019 from 2,98,504 units in the year-ago month.

As per the report, domestic car sales decreased 19.93% to 1,60,279 units compared to 2,00,183 in April 2018. Besides, sales of motorcycle during the last month declined 11.81% to 10,84,811 units as against 12,30,046 units a year earlier and total two-wheeler sales in April declined 16.36% to 16,38,388 units compared to 19,58,761 units in the year-ago month.

SIAM also noted decline in sales of commercial vehicles, which were down 5.98% to 68,680 units in April. It further added that vehicle sales across categories registered a decline of 15.93% to 20,01,096 units from 23,80,294 units in April 2018.