Price rise to hurt car buyers in 2021
Rising commodity prices have compelled some of India's top automakers to hike car prices, from January. Experts caution this could further dampen consumer demand and delay recovery in the auto sector.
siam data
December 2020
January 2020
December 2019
July 2019
January 2019
Passenger car sales fall 8.4% in December
Vehicle sales fell 13.08% from a year ago. The saving grace for the auto industry, which has seen falling sales for more than a year, came from sales of utility vehicles, which saw a 30% spike.
Passenger car sales slide 11% in November
Sales of passenger vehicles, which showed marginal growth in October, also fell last month.
Passenger car sales slump 24% in June
Overall sales of the auto industry, which has been facing headwinds for more than a year, fell 12.34% to 1,997,952 units in June from 2,279,186 units a year ago.
Passenger vehicle sales decline in December
SIAM says global factors such as a slow-growing world economy and the ongoing trade war between the U.S. and China will pose a major challenge to India’s automobile industry.
