Passenger vehicle sales fell 1.87  per cent in January, exports also decline

The commercial vehicle segment posted positive domestic sales growth of 2.21 per cent at 87,591 units in the first month of 2019.

Published: 09th February 2019 09:11 AM  |   Last Updated: 09th February 2019 09:11 AM   |  A+A-

Cars

For representational purposes

By Express News Service

NEW DELHI:  AS passenger vehicle (PV) manufacturers continue to reduce inventory levels at dealer showrooms following tepid festive season sales, domestic PV sales declined to 280,125 units last month, down 1.87 per cent from 285,467 units in January 2018, according to Siam.

Within the PV segment, utility vehicles posted a fall of 3.57 per cent at 82,772 units as compared to 85,840 units the same month a year ago, while car sales declined 2.65 per cent to 1,79,389 units as compared to 1,84,264 units in January 2018.

SIAM Deputy Director General Sugato Sen said retail sales were better than wholesale sales in January.  
Export of PVs in January declined 17.20 per cent to 46,885 units in January.

Sales of two-wheelers, significantly impacted by a near-threefold hike in insurance premium cost, were down 5.18 per cent to 15,97,572 units, compared to 16,84,761 units in the year-ago month.

While scooters saw a massive decline of 10.21 per cent at 497,169 units from 553,695 units in the year-ago month, motorcycle sales declined 2.55 per cent to 10,27,810 units.

The commercial vehicle segment posted positive domestic sales growth of 2.21 per cent at 87,591 units in the first month of 2019. Vehicle sales across categories registered a decline of 4.68 per cent to 20,19,331 units from 21,18,465 units in January 2018.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp