Auto vehicle sales continue in slow lane in July

Auto sales continued to remain under pressure in the month of July, as the data released by the Society of Indian Automobile Manufacturers (SIAM) showed that domestic passenger vehicle (PV) sales fell 30.98 percent to 2,00,790 units in July from 2,90,931 units in the same period a year ago.

Further, domestic car sales were down 35.95 percent at 1,22,956 units in the reported month as against 1,91,979 units in July 2018, while total two-wheeler sales in July declined 16.82 percent to 15,11,692 units as compared to 18,17,406 units in the year-ago month.

As per the report, sales of commercial vehicles were also down 25.71 percent to 56,866 units in July as compared with 76,545 units in the year-ago period. Besides, vehicle sales across categories registered a decline of 18.71 percent to 18,25,148 units from 22,45,223 units in July 2018.