Monthly passenger vehicle sales log worst-ever drop in August

Passenger vehicle sales show worst monthly decline since at least 1997 fell over 31% in August

Passenger vehicle sales show worst monthly decline since at least 1997 fell over 31% in August

Mumbai: Sales of cars and SUVs in India declined for a 10th month in August, as the worst slump in nearly two decades for the country's auto sector shows no sign of letting up.

Passenger vehicle sales also declined by around 32 per cent to 1,96,524 units during last month against 2,87,198 units in the corresponding month past year. Truck and bus sales dropped 39%.

In the two-wheeler segment, both scooter and motorcycle sales declined by a little more than 22 per cent YoY. Previously, the worst decline in the segment was registered in July this year when wholesales had fallen 30.98 per cent to 2,00,790 units.

India's monthly passenger vehicle and auto sales recorded their steepest fall ever in August, according to data released by an industry body on Monday, highlighting the continued slowdown in the sector amid assurances by the government for revival.

Deferment in purchases by consumers in anticipation of GST revision and steep discounting ahead of BS-VI norms rollout further dented demand, he said.

Hurricane Dorian is sending bricks of cocaine to Florida beaches
A photo of the brick shows the brick with the letters "D-I-A-M-A-N-T" visible. "The item was taken into custody", Mall said. The collective street value of the 16 bricks found on Paradise and Cocoa Beaches is thought to be around $400,000.

However, sales of new launches such as MG Hector SUV and the Kia Seltos, improved slightly but the compact SUV category recorded a de-growth of 2.20 per cent, with total utility vehicle sales touching 71,478 units as against 73,085 units previous year.

In the PV segment, market leader Maruti Suzuki India posted 36.14 per cent decline in its August sales at 93,173 units.

Total two-wheeler sales in August declined 22.24% to 15,14,196 units compared to 19,47,304 units in the year-ago month.

Vehicle sales across categories registered a decline of 23.55 percent to 18,21,490 units from 23,82,436 units in August 2018, it added. Commercial vehicle sales were down 38.71 per cent to 51,897 units in August compared with 84,668 units in August 2018.

Honda Cars India and Tata Motors, in particular, reported the most dismal numbers, selling less than half of the units they sold a year ago in August.

Recommended News

  • The Rock Reveals How Kevin Hart Is Doing After Serious Injury

    The Rock Reveals How Kevin Hart Is Doing After Serious Injury

    And you know what? "These things happen in life and thankfully he was strapped in nicely to his auto seat", the actor teased. The Rock also revealed that he cut his honeymoon short so that he could support his on and off screen pal in hospital.
    Xiaomi Mi Charge Turbo 30W wireless charging released

    Xiaomi Mi Charge Turbo 30W wireless charging released

    The specifics of the working of this technology are not very clear at this stage since the presentation and source are in Chinese. The other charger is a larger 20W charger which frees up the user from the hassle of aligning their phone perfectly.
    Camila Mendes Says She Was Roofied and Sexually Assaulted in College

    Camila Mendes Says She Was Roofied and Sexually Assaulted in College

    Camila Mendes poses for the cover of Women's Health's October 2019 issue and opens up about being a role model for young women. Well we're certainly happy that Cami is on the road to recovery and finding her strength to speak out on such important issues.
  • Associated British Foods weakens after holding outlook for flat EPS

    Associated British Foods weakens after holding outlook for flat EPS

    Credit Suisse Group reaffirmed an "outperform" rating on shares of Associated British Foods in a report on Wednesday, July 3rd. Liberum Capital restated a "buy" rating on shares of Associated British Foods in a research report on Tuesday, July 2nd.
    Maradona honed Messi's free-kick prowess at 2010 World Cup

    Maradona honed Messi's free-kick prowess at 2010 World Cup

    Diego Maradona received an excellent reception upon his unveiling as manager of Gimnasia and led the crowd in anti-English chants. And in that time, he says he passed on some advice to help Messi become close to unstoppable from set-pieces.
    Nick Minaj Apologizes To Fans For 'Abrupt' Retirement Announcement

    Nick Minaj Apologizes To Fans For 'Abrupt' Retirement Announcement

    To my fans, keep reppin me, do it til da death of me, in the box- cuz ain't nobody checkin me. Her fans were the most shaken up by the announcement, but Nicki tried to comfort them.
  • Rafael Nadal, 33, nineteen going on twenty?

    Rafael Nadal, 33, nineteen going on twenty?

    If nowhere else, Nadal will be a hot favourite at the French Open, where he has won a record 12 titles including the last three. The US Open was Nadal's 19th Grand Slam championship, and he won it two years faster than Federer won his 19th.
    Volkswagen e-Beetle debuts e-Up's updated drivetrain

    Volkswagen e-Beetle debuts e-Up's updated drivetrain

    Volkswagen says the e-Up can complete the 0-100km/h standard in 11.9s, hit a top speed of 130km/h, and has a 260km driving range. It's an interesting twist on classic auto motoring, and a concept that could carry the hobby well into the future.
    Microsoft releases preview of rebooted PowerToys for Windows 10

    Microsoft releases preview of rebooted PowerToys for Windows 10

    Tools that are on the way include a screen recorder that outputs animated GIFs and maximize to new desktop widget, among others. The Windows Key Shortcut Guide offers a full-screen overlay that shows keyboard shortcuts for the window that's now in focus.
  • FDA Says Juul Violated Regulations, Sold Vaping As Safer Than Smoking

    FDA Says Juul Violated Regulations, Sold Vaping As Safer Than Smoking

    Reached for comment, a spokesperson for Juul said the company is reviewing the letter and plans to "fully cooperate". The investigation has widened into 127 reports of seizures linked to various types of e-cigarettes.
    Tesla Driver Falls Asleep On Busy Highway

    Tesla Driver Falls Asleep On Busy Highway

    Tesla says it doesn't consider its cars with the autopilot feature to be self-driving in its current form. Mr Randall told CBS he tried to wake the driver with his horn but to no avail.
    Justin Timberlake heading back to the big screen

    Justin Timberlake heading back to the big screen

    The drama will be directed by Fisher Stevens with principal photography taking place late fall. Timberlake is represented by WME and LBI Entertainment, while Stevens is repped by CAA.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.