Domestic passenger vehicle sales down 6.2 percent; car sales slide 8.1 percent: SIAM

New Delhi: Ease in lending rates and other measures announced by the Centre to boost the economy seem to have had no effect on the sale of vehicles in January, with domestic passenger vehicles’ (PVs) sale decreasing by over 17,000 compared with January last year.

According to the industry body Society of Indian Automobile Manufacturers (SIAM), the domestic passenger vehicle sales slipped by 6.2 per cent from 280,091 units in January 2019 to 262,714 units last month.

Sales of cars declined by 8.1 percent last month, compared with January last year. Motorcycle sales last month declined by 15.17 percent to 8,71,886 units from 10,27,766 units in January 2019. (IANS)

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