Indian automobile crisis: Domestic sales drop 12.76 per cent in October 2019
India TodayA slight cheer in the passenger vehicle segment owing to festive season offers could not prevent a seventh consecutive overall monthly domestic sales decline of the Financial Year 2019-20 with the numbers falling 12.76 per cent to 21,76,136 units in October, the latest data available with the SIAM has shown. The passenger vehicle sales marginally rose 0.28 per cent to 2,85,027 units in October, while the commercial vehicle sales plunged 23.31 per cent to 66,773 units. The passenger vehicle production declined 21.14 per cent to 2,69,186 units, while the commercial vehicle numbers plunged 45.48 per cent to 58,957 units in October. The export of passenger vehicles dropped 2.16 per cent to 50,467 units and commercial vehicles declined 40.68 per cent to 4,752 units in October.