Festive season fails to lift vehicle sales

Update: 2019-10-01 18:06 GMT

New Delhi: Major automobile makers, including Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors, Toyota and Honda, on Tuesday reported double-digit declines in domestic passenger vehicle sales in September as the onset of the festive season failed to lift the ongoing slump in the auto industry.

The country's largest carmaker Maruti Suzuki India said its domestic sales declined by 26.7 per cent at 1,12,500 units last month as against 1,53,550 units in September 2018.

Hyundai Motor India said its domestic PV sales were down 14.8 per cent at 40,705 units as against 47,781 units in September last year.

Mahindra & Mahindra (M&M) reported a 33 per cent decline in passenger vehicle sales at 14,333 units last month as compared to 21,411 units in the same month last year.

Reflecting on the sales performance, M&M Chief of Sales and Marketing, Automotive Division, Veejay Ram Nakra said, "We are positive that this festive season, with the onset of Navratra, will augur well for us and the automotive industry." 

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