Sales of passenger cars in the domestic market grew by just 6.1% in June as against a healthy expansion of 14.3% in May
Growth in India's passenger car sales fell sharply in June, as higher fuel prices coupled with hardening of interest rates hurt sales, data released by the Society of Indian Automobile Manufacturers (SIAM) showed on Thursday.
Sales of passenger cars in the domestic market grew by just 6.1% in June, as against a healthy expansion of 14.3% in May, the SIAM data revealed. Domestic car sales had grown by an impressive 17.2% in April on the back of lower excise duty.
Domestic car sales in June increased to 99,738 units from 94,002 units in the same month a year earlier, according to SIAM.
Commercial vehicle (CV) sales climbed 13.5% to 40,324 units in June. This was much better than the 6.1% growth registered in May. Two-wheeler sales were up 6.5% to 601,941 units in June.
Overall automobile sales rose by 6.6% in June to 801,605 units with exports surging by 24.3% to 127,777 units.
Growth in India's passenger car sales fell sharply in June, as higher fuel prices coupled with hardening of interest rates hurt sales, data released by the Society of Indian Automobile Manufacturers (SIAM) showed on Thursday.
Sales of passenger cars in the domestic market grew by just 6.1% in June, as against a healthy expansion of 14.3% in May, the SIAM data revealed. Domestic car sales had grown by an impressive 17.2% in April on the back of lower excise duty.
Domestic car sales in June increased to 99,738 units from 94,002 units in the same month a year earlier, according to SIAM.
Commercial vehicle (CV) sales climbed 13.5% to 40,324 units in June. This was much better than the 6.1% growth registered in May. Two-wheeler sales were up 6.5% to 601,941 units in June.
Overall automobile sales rose by 6.6% in June to 801,605 units with exports surging by 24.3% to 127,777 units.
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