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Passenger Vehicle Sales See Another Decline In June; Down 17.54 Per Cent Over Last Year
A woman walks past cars parked in a dealership. (Sean Gallup/GettyImages)
As per data released by the Society of Indian Automobile Manufacturers (SIAM), domestic sales of passenger vehicles have continued their decline into the month of June, reducing by 17.54 per cent to 2,25,732 from 2,73,748 over the same period last year, reports The New Indian Express.
Car sales specifically were quite badly hit, with sales going down from 1,83,885 units in June 2018 to 1,39,628 this June, a decline of 24.97 per cent.
The two-wheeler segment was relatively less hard hit, with monthly sales for June standing at 16,49,477 this June, a fall of 11.69 per cent from 18,67,884 units in the same period last year.
Commercial vehicles have also seen sales fall, going down 12.27 per cent to 70,771 from 80,670 units in time span in question.
A number of reasons may be behind the declining vehicle sales, among them the greater regulatory crackdown on emissions, changing consumption patterns among millennials, and greater preference for public transport and ridesharing.
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