India's September passenger vehicle sales dive 24% as slowdown persists

Record ID: 1436297

  • Title: India's September passenger vehicle sales dive 24% as slowdown persists
  • Date: 11th October 2019
  • Summary: BENGALURU, KARNATAKA, INDIA (FILE - NOVEMBER 2015) (REUTERS) FACTORY FLOOR WORKERS ON ASSEMBLY LINE CAR ENGINE WORKER WITH AN ENGINE VARIOUS OF WORKERS WORKING ON BODY OF THE CAR
  • Embargoed: 25th October 2019 11:26
  • Keywords: India automobile sale auto sector economy GDP Nirmala Sitharaman manufacturing
  • Location: NEW DELHI/PUNE, MAHARASHTRA/MANESAR, HARYANA/ BENGALURU, KARNATAKA, INDIA
  • City: NEW DELHI/PUNE, MAHARASHTRA/MANESAR, HARYANA/ BENGALURU, KARNATAKA, INDIA
  • Country: India
  • Topics: Economic Events
  • Reuters ID: LVA002B0NJWWF
  • Aspect Ratio: 16:9
  • Story Text: India's passenger vehicle sales slumped 23.7% in September, the eleventh straight month of declines, prompting an industry body to flag more job cuts if sales failed to pick up soon.
    Passenger vehicle sales dropped to 223,317 units in September, the Society of Indian Automobile Manufacturers (SIAM) data showed, while passenger car sales dived 33.4% to 131,281 units.
    On Friday, SIAM's President Rajan Wadhera said it expected some improvement in the situation on the back of the festive season.
    SIAM's data comes as the domestic automobile industry faces a crippling slowdown in demand that has led to production cuts and thousands of job losses. The industry is seeing, its longest ever streak of sales decline.
  • Copyright Holder: FILE REUTERS (CAN SELL)
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