In the year-ago period, passenger vehicle sales stood at 2,92,660 units. Passenger car sales declined a massive 33.4% to 1,31,281 units in September, according to data from Society of Indian Automobile Manufacturers (Siam). Sale of commercial vehicles though is led by economic growth and we hope the positive monsoon will bring enough demand especially in the light commercial vehicle segment. Consequently, total commercial vehicle sales fell 39% to 58,419 units. Motorcycles sales fell 23.2% decline to 1,043,624 units, while scooter sales declined 16.6% to 555,829 units.

Source: Mint October 11, 2019 06:45 UTC