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Posted On
date_range 11 Nov 2019 1:49 PM GMT Updated On
date_range 11 Nov 2019 1:49 PM GMTIn reverse gear: Festivals fail to boost auto sales
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New Delhi: The slump in the domestic automobile sector continued unabated in October with the overall sectoral off-take plunging 12.76 per cent. The data proves that an expected up-tick in sales on the back of the festival season did not materialise.
On Monday, data furnished by the Society of Indian Automobile Manufacturers (SIAM), showed that the Indian automobile sector's total sales declined by 12.76 per cent to 2,176,136 units in October, from 2,494,345 units sold during the corresponding month of the previous year.
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