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Domestic passenger car sales decline 9% in June

12 Jul 2013 Evaluate

Indian auto industry continue to struggle with domestic passenger car sales declining by 9% 1,39,632 units in June this year from 1,53,450 units sold in the same month last year, mainly on account of decline in demand for the eighth straight month due to rising ownership costs and sluggish economic growth.

As per the Society of Indian Automobile Manufactures (SIAM), motorcycle sales in last month declined by 9.16% to 7,99,139 units from 8,79,721 units in the same month previous year, while total two-wheeler sales in June 2013 declined  by 4.56% to 11,16,424 units from 11,69,741 units in the same period last year.

For the overall passenger vehicles, it was the seventh consecutive month of decline in sales, while for total heavy commercial vehicles the decline stretched to 14th month in a stretch with total sales of commercial vehicles dropping by 13.45% to 56,197 units from 64,928 units in the year-ago period. While, total sales of vehicles across categories registered a decline of 5.10% to 14,07,767 units in June 2013, as against 14,83,443 units in the same month of 2012.

Domestic demand in the country is witnessing a very bearish phase at present with demand declining continuously month-on-month, growth in commercial vehicle and passenger car segments have slipped faster than expected in last few months. Indian auto component manufacturer too are facing the heat of a global auto slowdown.

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