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Automobile Industry Registers Biggest Decline In Sales In 8 Years

10 December, 2008

The overall domestic automobile sales in the country dropped by 17.98 percent in November, making it the worst ever sales in the past 8 years in the Indian automobile industry.The total sales in the domestic market was 7,11,281 units in November, 2008 as against 8,67,243 units in November,  2007 according to the Society of Indian Automobile Manufacturers (SIAM)

 

Commercial vehicle sales went down by 49.52% last month to 20,637 units from 40,879 units in the year-ago period. Passenger car sales also went down by 19.38 per cent to 83,059 units from 1,03,031 units in the same month last year.

 

Two-wheeler sales also dropped  by 14.68 per cent at 5,67,502 units from 6,65,181 units in the same period last year while motorcycle sales declined by 20.24 per cent at 4,31,171 units as against 5,40,553 units in the corresponding month a year ago. During November, sales of car market leader Maruti Suzuki India declined by 24.84 per cent to 57,554 units compared to 43,258 units in the same month last year. The drop in passenger car sales was the worst since November 2000, when the same fell by 21.91 per cent.


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Automobile Industry Registers Biggest Decline In Sales In 8 Years

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