Sales of cars and LCVs declined 18% to 17,891 units in May compared to 21,813 units in the same month of previous year. On a month-on-month basis, the sales fell 8%. Similarly, sales of trucks and buses plunged 50% on a yearly basis, tractor sales dropped 47% and bike and three-wheeler sales fell 10%. He added that in 11 months of the current fiscal year, monthly auto sales had either declined or remained stagnant barring one or two exceptions. A meaningful growth in auto sales, above 5% on a year-on-year basis, was last seen back in July 2018, said the analyst.

Source: The Express Tribune June 14, 2019 04:30 UTC