Slide in auto sales continues in September, but better than August

SALES of vehicles across segments in the automobile sector continued their slide in September with leading manufacturers of passenger vehicles, two-wheelers and medium and heavy commercial vehicles, reporting a sharp fall compared with the same month last year. September’s sales were, however, better than the previous month, providing some relief to auto companies.

While Maruti Suzuki reported a 27% drop in domestic car sales at 1.1 lakh units, Bajaj Auto saw a 35% drop in motorcycles at 1.77 lakh units. Ashok Leyland announced sale of 4,035 units of medium and heavy commercial vehicles in September, a sharp 69% decline compared with September 2018.

Among other passenger vehicle manufacturers, while Hyundai Motor India reported a 14.8% drop in sales in September at 40,705 units, sales of Honda Cars India witnessed a 37% decline in sales to 9,301 units last month. Toyota Kirloskar’s car sales witnessed a 18.5% drop year-on-year at 10,203 units last month.

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