April saw car sales decline to 10.15 per cent which is the biggest monthly sale decline in a year. An overall sluggish economy, high inflation and interest rates have ushered in a prolonged downturn in the industry that has already witnessed two consecutive annual declines.

 

Passenger car sales during April stood at 1, 35,433 units against 1, 50,737 units in the same month last year.  Most of the major manufacturers registered decline in sales

except Hyundai, Honda and Ford, whose sales soared on the back of new launches. 

 

The industry is hoping that a change in government at the Centre could would a rise in sales. Policy intervention is urgently required in commercial vehicles sector— a barometer of the overall economy—that has been on continuous downward spiral for the last two years. The only positive lining was provided by the robust sale of two-wheelers that propped up overall automobile sales numbers. Motorcycle sales last month grew by 8.06 per cent to 9,11,908 units while scooter sales shot up by around 26 per cent to 3,29,680.

 

 

 

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