Auto Sales Down By Over 18 Per Cent In February 2020 -
Auto Sales Down By Over 18 Per Cent In February 2020
Posted 13 Mar 2020 03:15 PM

Source : India Tv

The slowdown in the Indian auto industry continues and the month of February brought no relief. The auto industry recorded a decline in sales of 18.14 per cent during February 2020, selling 1,646,332 vehicles as compared to 2,034,597 units sold in the corresponding month last year. Sales of passenger cars went down by 7.61 per cent at 2,51,516 units as compared to 2,72,243 units in the same month last year.

However, the sales of utility vehicles increased by 0.10 per cent in February 2020 as compared to February 2019.Rajesh Menon, Director General, Society Of Indian Automobile Manufacturers stated, "The Automobile industry continues to face hardship due to steeper decline in Production and Wholesale dispatches in all segments in February 2020."

Passenger Vehicle sales in the period of April to February were down by 14.68 per cent at 26,32,665 units as compared to 30,85,528 units during the same period last year. The industry produced a total 20,498,128 vehicles including passenger cars, commercial vehicles, Three-wheelers, Two-wheelers and Quadricycle in April-February 2020 against 24,358,082 in the same period with a decline of 13.29 per cent.

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