Sales of vehicles also remained in the red due to the Shraddh period during the month
PV exports stood at 3,65,282 units in April-September period of the current fiscal as compared with 3,49,951 units in the same period of 2018-19.
Passenger vehicles sales in India have been on a decline for over a year
This is the last-ditch effort by automakers to shore up sales in a financial year that has been marked by poor purchases and production cuts
Global sales of Jaguar Land Rover stood at 39,615 units
Sales of passenger vehicles and two-wheelers drop YoY in July even as two segments perform better than June
The draft notification proposes to increase the registration fees from Rs 1,500 to Rs 20,000 for new M&HCVs and from Rs 1,500 to Rs 40,000 for renewals
Siam has raised an alarm, saying the prolonged slowdown has destroyed 15,000 jobs and, without an immediate intervention by the government, there will be more
Employees cited that till now job losses have mainly occurred on the part manufacturers' side, however, if the current market conditions prevail then downsizing might become a reality even in the OEMs
The auto sector has been the worst performer among sectoral indices over the last year, shedding 34.5 per cent, while the Sensex and the Nifty were down marginally
Industry cites tight liquidity, dealyed monsoon; dealer inventories brought down with some help from manufacturers
According to Federation of Automobile Dealers Associations (FADA), PV sales stood at 2,35,539 units in June 2018
Manufacturers concerned about monthly sales during April to June
Passenger vehicles reported a decline of 1.87% in sales in January; dispatch of cars declined 0.94% to 233,856 units
Sales of commercial vehicles were down 7.8 per cent to 75,984 units in December, SIAM said
An overall increase in cost of ownership, including a higher rate of interest on finance have weighed on buyer sentiment
Manufacturers regulate dispatches to correct inventory at dealerships
Overall domestic sales for automobile industry rose 3.72% to 2.58 million units in the month
The schemes for older models in the line-up are even more attractive
High base of last year after GST implementation hits demand