Auto sales dip 7.5% in Jan
Automobile sales continued their downward slide in 2009 with a 7.45 per cent decline in overall sales in January.autos Updated: Feb 09, 2009 22:36 IST
Automobile sales continued their downward slide in 2009 with a 7.45 per cent decline in overall sales in January. Despite the second stimulus package which was expected to revive the commerical vehicle sales, the segment led the decline with a 51 per cent dip at 23,157 units during the month.
None of the segments offered any silver lining with passenger vehicles sales sliding by 6.88 per cent while two wheelers dipped by 3.95 per cent. Three wheelers also posted a decline of 12.29 per cent.
The decline in passenger car sales was despite market leader Maruti Suzuki India posting a 5.59 per cent increase to 67,005 units this year. The others however, struggled to move on. Hyundai India reported 13.5 per cent decline in sales while Tata Motors' sales was down by 5 per cent.
January sales are only indicative of the overall sob story during this fiscal. During April-January 2008-09, car sales have dropped by 0.6 per cent to 974,661 units from 980,754 units during the same period last year. This is the first time in five years that overall sales have declined in this period.
‘It is very early at this stage to talk of recovery. A lot depends on implementation of the stimulus packages and measures in the interim budget,” said Dilip Chenoy, Director General, Society of Indian Automobile Manufacturers.
First Published: Feb 09, 2009 22:35 IST