Automobiles

Automobile businesses descend to 23.5% in August

The business of vehicles in India slipped by 23.5 per cent in August, the most critical ever sink in a month on a year-on-year basis after the time industry body Society of Indian Automobile Manufacturers (SIAM) has been examining data from 1997-98.
1. In August 2019, overall selling attained at 18,21,490 units against 23,82,436 units in the same period last year. In total amount times, sales have also declined on a month-on-month basis as of May when 20,86,358 units were deceived. Since December 2018, the year-on-year monthly slump in sales has been unabated.
2. Two-wheeler trades too witnessed a sheer deterioration of 22.24 per cent with 1,514,196 sold in August 2019 related to 1,947,304 sold in August 2018. Bikes, motorbikes saw a slump of 22 per cent, 22 per cent and 21 per cent.
3. Average and heavy industrial vehicles too noticed a heavy decay of 54.3 per cent with 15,573 units traded last month as correlated to 34,073 units sold in August 2018. Small commercial transports observed a drop of 28.21 per cent with 36,324 units sold examined to 50,595 units in Midsummer 2018.
SIAM President Rajan Wadhera allowed the crisis is unparalleled.
• We have never seen every segment of the industry declined at the same time, for this long and at this quantum ever before. We always have light at the end of the tunnel, but everything depends on how long is the tunnel,” he said. ”
• The festive season is made or break for us. We will do our bit. Discounts are already high and we tend to offer some more during these months. I think the same thing will happen this time. The real situation will emerge only after the festive season.”

Related posts

More Jobs can be sack in the Automobile sector

admin

Price of all-new Renault Triber

admin

First Look of India’s first BS-VI compliant two-wheeler Activa 125

admin

4 comments

Frank September 12, 2019 at 3:40 pm

Heya i am for the first time here. I found this board and I find
It really useful & it helped me out much. I hope to give something back and aid others like you aided me.
Greetings! Very useful advice in this particular post! It is the little changes that will make the largest changes.
Thanks a lot for sharing! Howdy! This article could not
be written any better! Looking through this post reminds me of my previous roommate!
He constantly kept talking about this. I most certainly will forward this information to him.
Fairly certain he will have a great read. I appreciate you for sharing!
http://foxnews.net/

Reply
Jimmy September 13, 2019 at 4:19 am

I have been browsing online more than 2 hours today, yet
I never found any interesting article like yours.
It’s pretty worth enough for me. In my opinion, if all site owners and bloggers made good content as
you did, the internet will be much more useful than ever before.

I just could not go away your website prior to suggesting that I extremely loved the standard
info an individual provide in your guests? Is going to
be again often in order to check out new posts Ahaa,
its pleasant conversation on the topic of this article here at this blog, I have read all that, so
now me also commenting at this place. http://Newground.com/

Reply
Jane September 14, 2019 at 3:41 pm

Hi, I do believe this is a great site. I
stumbledupon it 😉 I am going to come back yet again since I bookmarked
it. Money and freedom is the greatest way to change, may you
be rich and continue to help others. I wanted to thank you for this very good read!!
I absolutely enjoyed every bit of it. I have you bookmarked to look at new things you
It’s very trouble-free to find out any topic on web as compared to books, as I found this
paragraph at this site. http://porsche.com

Reply
Jim September 14, 2019 at 3:59 pm

I like it when people get together and share views. Great website,
stick with it! I always spent my half an hour to read this website’s content every day along with a cup of coffee.
I needed to thank you for this very good read!! I definitely loved every bit of it.

I’ve got you bookmarked to look at new things you http://plumbing.com/

Reply

Leave a Comment