Car sales dip 9 per cent, 2-wheeler sales down by 4.56 per cent
The Indian car and motorcycle industry continues to bleed due a rising ownership price and a sluggish economy. According to data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales have fallen by 9 per cent in June 2013 as compared to June 2012, adding that the motorcycle sales too have dropped by 9.16 per cent in the same time segment.
The auto industry is on the decline
The report states that car sales dropped to 1,39,632 units in June this year from 1,53,450 units in the same month of 2012. Motorcycle sales dropped to 7,99,139 units from 8,79,721 units in June previous year.
Total two-wheeler sales in June 2013 declined by 4.56 per cent to 11,16,424 units from 11,69,741 units in the same period of previous year. Total sales of commercial vehicles declined by 13.45 per cent to 56,197 units from 64,928 units in the year-ago period, SIAM said.
Total sales of vehicles across categories registered a decline of 5.10 per cent to 14,07,767 units in June 2013 as against 14,83,443 units in the same month of 2012, it added.
SIAM also stated that the auto industry has been on the decline for four successive months this year.
