Auto business slows down, gross sales of passenger autos plummeted by 6.2 p.c in January

by Jeremy Spirogis
778 fine for drunk driving, 1100 for violation of traffic rules – New Year celebration

New Delhi. The steady slowdown within the auto business for the previous a number of months continued in January. Sales of passenger autos, or passenger car, declined by 6.2 p.c in January. Automobile business group SIAM mentioned on Monday that 262,714 passenger autos had been offered in January 2020 as towards 280,091 in January 2019. According to information launched by the Society of Indian Automobile Manufacturers, automobile gross sales additionally fell by 8.1 p.c to 1,64,793 models final month from 1,79,324 models in January final yr. In addition, bike gross sales declined by 15.17 p.c to eight,71,886 models in January from 10,27,766 models a yr earlier.

Sale of two-wheelers additionally decreased

Total two-wheeler gross sales declined by 16.06 p.c to 13,41,005 models in January from 15,97,528 models in the identical month final yr. According to SIAM, business car gross sales declined 14.04 p.c to 75,289 models in January. On the opposite hand, the gross sales of autos in every class had been decreased by 13.83 per cent to 17,39,975 models from 20,19,253 models in January. For data, tell us that the yr 2019 was a bit sluggish for the auto sector. <! –

                 Sales of the businesses declined, attributable to which many massive firms together with Maruti needed to cut back their manufacturing.

Three-wheeler gross sales additionally decreased

In the two-wheeler section, gross sales of scooters had been down 16.21 p.c to 416,594 models and bikes gross sales fell by 15.17 p.c to 871,886 models. At the identical time, three-wheeler gross sales additionally fell by 12.69 p.c to 60,903 models. SIAM President Rajan Vadhera says the slowdown in GDP and rising price of autos are impacting SAIL.

– Maruti's Vitara Brezza set a file, offered greater than 5 lakh models

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