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Passenger vehicles sales fall over 40% in Sept

News Agencies

New Delhi, Oct 14: India’s overall domestic passenger vehicle sales fell 41.2% to 160,070 units from 272,027 units a year ago in September, Society of Indian Automobile Manufacturers (SIAM) data showed on Thursday. The sales dropped as high commodity prices and semiconductor crunch aggravated problems for automakers.

Domestic passenger vehicle (PV) sales dropped 30.7% month-on-month to 1.60 lakh units in September, the auto industry body’s data showed further. September’s PV sales were far lower than August’s 2.32 lakh on a sequential basis. Domestic PV sales stood at 2.72 lakh units in September last year.

PV sales data comprises cars, utility vehicles and vans. The combined production of passenger vehicles, three-wheelers, two-wheelers and quadricycles stood at 21.25 lakh units in September this year.

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