BUSINESS

Sale of passenger vehicles in the domestic market declined

Passenger car
File Photo

NEW DELHI: Unfavourable base effect dented the sales of domestic passenger cars in July 2018, data showed on Friday. According to the Society of Indian Automobile Manufacturers (SIAM), the sales of passenger cars slipped by 0.45 per cent to 191,979 from 192,845 in the corresponding quarter. The off-take of other sub-segments of passenger vehicle category such as utility vehicles declined by 8.95 per cent during the month to 79,092 units. However, sales of vans increased by 2.79 per cent to 19,889 units.

The overall domestic passenger vehicle sales declined by 2.71 per cent in July to 290,960 units in the corresponding period in 2017. Sales of overall commercial vehicles zoomed by 29.65 per cent to 76,497 units in July. The data pointed-out that off-take of three-wheelers accelerated by 46.24 per cent to 60,341 units during the month. In addition, overall sales of two-wheelers, climbed by 8.17 per cent to 1,817,077 units. (IANS)