Passenger car sales down 7.49 percent in April-July

New Delhi, Aug 24 : Passenger car segment sales fell 7.49 percent at 793,708 units in April-July period, government data showed Saturday.

"The sale of passenger vehicle and commercial vehicle decreased by 7.49 percent and 9.91 percent respectively in April to July, 2013," Heavy Industries Minister Praful Patel informed the Lok Sabha in written reply.

The bearish consumer sentiment due to slow economic growth, high fuel and interest costs have effected the off-take since last year when sales grew marginally.

Sales of passenger car segment had fallen 7.40 percent in July alone at 131,163 units from an off-take of 141,646 units in the corresponding period of 2012.

There was a 14.938 percent decline in sales of heavy, medium and light commercial vehicles at 55,301 units from 65,008 units in the corresponding month of last year.

However, passenger car sales were up 2.15 percent at 2,686,429 units in 2012-13 from an off-take of 2,629,839 units in 2011-12. Whereas, commercial vehicle sales were down 2.01 percent at 793,150 units in 2012-13 from sales of 809,499 units in 2011-12.

"The sale of passenger vehicles has increased in the last three years. The sale of commercial vehicles has slightly decreased in 2012-13 corresponding to previous year," Patel said.

According to the minister, the government in consultation with the industry has prepared Auto Mission Plan 2006-16.

--IANS (Posted on 24-08-2013)

business-india-news headlines

DLF leases 3 million sq ft office space in 2013-14

Cairn India posts 18 percent rise in Q4 profit

Paris Motor Show woes Indian visitors

Toonz forays into artificial intelligence toys, films

Sensex, Nifty at new highs; capital goods sector gains

Sensex hits record high for third straight day

Reebok India launches 'live with fire' campaign

KBC winner Sunmeet Kaur to launch boutique in the capital

'Goa sells maximum beer in India'

RIL raises $550 mn from Japanese banks

OPEC daily basket price closes lower

Rupee slips below 61 against the dollar

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top