New Delhi, February 10, 2019: Passenger vehicle sales continued to remain under pressure in the new year with wholesale volumes falling 1.87% to 280125 units in January.
According to reports published in economictimes.indiatimes.com As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), sales of passenger vehicles stood at 285467 units in the year-ago period.
Sales of commercial vehicles increased marginally by 2.21% to 87591 units.
Three-wheeler sales fell 13.59% to 54043 units in the period under review.
Increase in ownership costs also hurt demand for two-wheelers which declined 5.18% to 1597572 units in January. While sales of motorcycles dropped 2.55% to 1027810 units, those of scooters slid 10.21% to 497169 units.