New Delhi, December 10
Domestic passenger vehicle sales slipped into negative territory once again in November after registering a slight recovery in the preceding month, as muted demand conditions forced companies to reduce their dispatches to dealers.
According to data released by the Society of Indian Automobile Manufacturers, passenger vehicle sales declined 0.84% to 2,63,773 units in November from 2,66,000 units in the year-ago period.
The PV sales figure would have been much lower during the period under consideration, if it had not been aided by the utility vehicle segment, which saw despatches grow by 32.7% to 92,739 units in November.
Domestic car sales were down 10.83% to 1,60,306 units as against 1,79,783 units in the year-ago. “Challenges continue in the passenger vehicle segment. we have to remember that the current numbers are on a comparatively low base of last November,” SIAM Director General Rajesh Menon said. — PTI
IN NEGATIVE ZONE
- Passenger vehicle sales declined to 2,63,773 units in November from 2,66,000 units in the year-ago period
- Domestic car sales were down 10.83% to 1,60,306 units as against 1,79,783 units in the year-ago period
from The Tribune https://ift.tt/38nNOBv
via Today’s News Headlines
No comments: