New Delhi, Nov 1 : Festive season has failed to reverse negative sales trend in the domestic auto sector. Leading bikemaker Bajaj Auto has reported a 14 per cent decline in its sales of motorcycles in the month of October this year.
The company's total sales of motorcycles remained negative during October, 2019 amid demand slump.
In the commercial vehicle segment also, the sales declined with domestic and export delivery together falling 13 per cent to 64,295 units.
Industry experts expect auto sales cycle to witness a gradual recovery due to the confluence of factors such as increasing discounts, better rural sentiment, lower interest rates, higher government spending and a possible introduction of the scrappage policy.