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Automobile sector records worst-ever sales: SIAM

NEW DELHI: The economic meltdown has had its impact on the automobile sector with the Indian automobile industry on Wednesday reporting its worst-ever sales in history with overall domestic sales declining by 17.98 per cent in November.

The commercial and passenger vehicle sales also dropped sharply.

According to the data released by the Society of Indian Automobile Manu- facturers (SIAM), total vehicle sales stood at 7.11 lakh units in November as against 8.67 lakh units in the same month last year.

Commercial vehicle sales crashed by 49.52 per cent to 20,637 units from 40,879 units, while passenger car sales dropped by 19.38 per cent to 83,059 units from 1.03 lakh units. Two-wheeler sales slipped by 14.68 per cent to 5.67 lakh units from 6.65 lakh units.

During November, sales of Maruti Suzuki declined by 24.84 per cent to 57,554 units from 43,258 units in the same month last year, SIAM said. Hyundai Motor India also registered a downslide of 23.32 per cent at 19,041 units against 14,601 units. Tata Motors, on the other hand, was able to marginally push the sales up to 12,516 units (12,502 units). The sale of ‘Logan’ by Mahindra-Renault fell over five-fold at 300 units (1,560 units).

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