Auto Sector Blues Continue As Market Leader Maruti Suzuki Sees Sales Falling 24.4 Per Cent In SeptemberMaruti Suzuki, the biggest carmaker in India, accumulates around 23 per cent of their annual sales from diesel cars. (Representative Image) (Photo by Pradeep Gaur/Mint via Getty Images)

Leading Indian automaker Maruti Suzuki India (MSI) has continued to see a decline in sales in September, figures released on Tuesday (1 October) show, reports PTI. The company’s vehicle sales for the month fell 24.4 per cent to 1,22,640 from 1,62,290 a year ago.

The fall in domestic vehicle sales was marginally worse than the fall in exports, with Indian buyers buying only 1,12,500 units compared to 1,53,550 in the same period last year, a drop of 26.7 per cent. Exports declined by 17.8 per cent to 7,188 units compared to 8,740 units the year before.

The one segment which remained relatively sturdy in the face of the slowdown was utility vehicles, with sales in this category remaining stagnant at 21,526 units compared to 21,639 in September 2018.

The auto sector has been undergoing a period of declining sales for the past several months now, with sales of both commercial and passenger vehicles hit hard. Apart from a general slowdown in economic activity, another factor blamed for this is that consumers are waiting for BS-VI norms to kick in next year to make big ticket car purchases.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber