Domestic auto sales skid 18% in Dec
In line with expectations, the automobile industry reported an overall decline in domestic sales by 18.2 per cent in December 2008 over the same month in 2007.autos Updated: Jan 12, 2009 21:48 IST
In line with expectations, the automobile industry on Monday reported an overall decline in domestic sales by 18.2 per cent in December 2008 over the same month in 2007. Commercial vehicles and two-wheeler segments contributed heavily to the slump.
Total vehicle sales during the month stood at 5,97,622 units against 7,30,603 units in 2007, carrying on from the lacklustre performance in November when sales had slid by 17.98 per cent.
The commercial vehicles (CV) segment led the charge recording a dip of 58.28 per cent at 17,920 units in December 2008 as against 42,961 units in the corresponding month the previous year. This was the segment's biggest fall in 11 years. Passenger cars segment was relatively better with a decline of 6.9 per cent in December 2008 to 82,105 units, from 88,272 units a year ago.
Motorcycle sales went down by 22.9 per cent at 3,35,820 units, against 4,35,925 units in the year-ago period, while total two-wheeler sales were down 15.4 per cent at 4,61,302 units, compared with 5,45,485 units.