Economic News

India’s passenger vehicles sales slump 31% in July

Hyundai cars ready for shipment are parked at a port in Chennai October 1, 2013. REUTERS/Babu/Files Babu Babu August 13, 2019 11:11am IST

NEW DELHI – India’s domestic passenger vehicle sales fell 30.9% in July, an auto industry body said on Tuesday, marking a ninth straight decline in monthly sales amid a deepening crisis in the autos sector that has triggered massive job losses.

The country’s automakers sold a total of 200,790 passenger vehicles in July, according to data released by the Society of Indian Automobile Manufacturers (SIAM). The data also showed that domestic passenger vehicle production was down nearly 17% in the month.

Reuters

August 13, 2019

Reporting by Aditi Shah; Writing by Sudarshan Varadhan; Editing by Euan RochaOur Standards:The Thomson Reuters Trust Principles.


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