The production of passenger vehicles in India rose by 4.06 per cent during the month of November but overall domestic auto sales declined by over 12 per cent last month, according to a report by Society of Indian Automobile Manufacturers (SIAM).
The industry body indicated that the total passenger vehicle production in November stood at 2,90,727 vehicles, which indicates that players in the auto industry are trying to ramp up production activities.
Another positive indicator is the fact that sales of passenger vehicles declined marginally by 0.84 per cent to 2,63,773 in comparison with 2,66,000 vehicles sold last year during the same period, the report showed.
However, the fact that domestic car sales went down 10.83 per cent to 1,60,306 units compared to 1,79,783 units in November 2018 could be a matter of concern for the ailing sector.
Motorcycle sales, too, declined by 14.87 per cent to 8,93,538 units last month in comparison to 10,49,651 units sold in the same period last year. Sales of commercial vehicles were also down 14.98 per cent to 61,907 units, as per the SIAM report.
It may take longer than expected for a strong recovery in the auto segment as overall vehicle sales across categories registered a steep decline of 12.05 per cent to 17,92,415 units in November 2019 from 20,38,007 units in the same period a year ago.
[“source=indiatoday”]
