Passenger vehicle sales in India increase by 14% year-on-year in August


Team Udayavani, Sep 11, 2020, 2:00 PM IST

New Delhi: Total passenger vehicle sales in India rose 14.16% in August, showing some signs of economic recovery as industries restart operations months after a coronavirus-led lockdown disrupted a sector already hit by poor demand.

Indians bought a total of 215,916 cars, utility vehicles, and vans in August, compared with 189,129 a year earlier, the Society of Indian Automobile Manufacturers (SIAM) said on Friday, September 11.

“We are beginning to observe growth, which is instilling the confidence back into the industry,” SIAM President Kenichi Ayukawa said in a statement.

‘The upcoming festive season, which culminates in Diwali and sees a majority of Indians making big-ticket purchases, will help with a faster revival in demand,” another executive said.

Two-wheeler sales widely seen as an indicator of the health of the rural economy rose 3% from a year earlier.

In July, passenger vehicle sales had fallen almost 4% and an executive from an industry body had warned that auto sales were not expected to return to peak levels seen in 2018 for another three or four years.

Passenger car sales, which do not include utility vehicles and vans, were down 12.02% in July.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Europe considers new COVID-19 strategy: accepting the virus

Priyanka Maurya, face of Congress’ ‘Ladki Hoon, Lad Sakti Hoon’ campaign joins BJP

B’luru: Woman alleges sexual harassment by Sub Inspector

Slogans raised against BJP MLA Vikram Saini

Shiradi Ghat closure: DC postpones construction site review

System being created where there is no place for any discrimination: PM Modi

B’luru: Four of a gang arrested while selling ‘ganja’ to raise bail money for boss


Related Articles More

Ford recalls 200K cars because brake lights can stay on

Lexus India commences bookings for NX 350h SUV

Hero Electric, Mahindra ink pact to collaborate in EV space

EVRE enables EV Fast-Charging infrastructure at all its 52 EV hubs

Kia India garners 7,738 bookings for Carens in one day

MUST WATCH

Man Desighned Tallest Ridable Bicycle

Groundnut Cultivation Practices / Peanut farming in India

NEWS BULLETIN 19-01-2022

Crocodile and Dead Body found in Kali river Dandeli

Highlights of Sri Krishnapura Paryaya 2022


Latest Additions

Europe considers new COVID-19 strategy: accepting the virus

Priyanka Maurya, face of Congress’ ‘Ladki Hoon, Lad Sakti Hoon’ campaign joins BJP

B’luru: Woman alleges sexual harassment by Sub Inspector

87-year-old man who hasn’t bathed in 67 years

Slogans raised against BJP MLA Vikram Saini

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.