Amid weak demand, Indian automobile industry sales fell for 10th straight month in August. As per the Society of Indian Automobile Manufacturers (SIAM) data report, domestic passenger vehicle (PV) sales dropped 31.57 percent to 1,96,524 units in August from 2,87,198 units in the year-ago period.
All vehicle categories remained under pressure during the reported month, as SIAM data report showed that domestic car sales were down 41.09 percent to 1,15,957 units as against 1,96,847 units in August 2018. Sales of commercial vehicles were down 38.71 percent to 51,897 units in August.
Further, motorcycle sales slipped 22.33 percent to 9,37,486 units in August as against 12,07,005 units a year earlier. Total two-wheeler sales in August declined 22.24 percent to 15,14,196 units compared to 19,47,304 units in the year-ago month.
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