It was the biggest fall since a 22% decline in September 2001 and the seventh consecutive drop in monthly domestic passenger vehicle sales. Vehicle sales in India are counted as factory dispatches and not retail sales. In the passenger vehicle segment, car sales fell 26% from the year earlier in May to 147,546 units. Sales of medium and heavy commercial vehicles fell 20% last month, while light commercial vehicles posted a 3.7% drop. With lower sales across segments, overall industry sales of automobiles in India declined 8.6% from the year earlier in May to nearly 2.09 million vehicles.

Source: Mint June 11, 2019 18:22 UTC