Crisis deepens in auto sector as sales fall by 18 percent in July
Mumbai, Aug 13 (IBNS): Crisis deepened in the auto sector as sales across all categories dropped by 18.71% to 1,825,148 units in July, media report said.
The sales of passenger vehicles have fallen by 30.98% to 200,790 units in July.
According to the data provided by the Society of Indian Automobile Manufactures (SIAM), sales of commercial vehicles slumped by 25.71% to 56,866 units.
The sales of two-wheeler vehicles have fallen by 16.82% to 1,511,692 units.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
