Explained: Another month of falling car sales — why the situation is not improving | Explained News, The Indian Express

Explained: Another month of falling car sales — why the situation is not improving | Explained News, The Indian Express

Written by Sandeep Singh |Edited by Explained Desk |New Delhi |Updated: October 1, 2019 4:37:36 pm

Explained: Another month of falling car sales — why the situation is not improving

While Maruti Suzuki India Limited reported a 27 per cent drop in domestic sales of PVs at 1.1 lakh units, Bajaj Auto witnessed a 35 per cent drop in domestic sale of motorcycles at 1.77 lakh units.

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Those within the auto sector say that customers are also postponing their vehicle purchase decision on various accounts including expectations of cut in GST rates.

Sales of vehicles across the automobile sector continued their slide in September with the leading manufacturers of passenger vehicles, two-wheelers, and medium and heavy commercial vehicles reporting a sharp fall in their year on year domestic sales last month.