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Passenger vehicle sales decline nearly 21% in May

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Passenger vehicle sales decline nearly 21% in May

Passenger vehicle – Sales of commercial vehicles too fell 10.02 per cent to 68,847 units in May.

Automobile (Passenger vehicle) sales in the local market continued to slide in the run-up to the general elections last month.

As per data released by industry body Society of Indian Automobile Manufacturers (SIAM), sales last month declined 20.55 per cent to 2,39,347 units in May. 

Sales of commercial vehicles too fell 10.02 per cent to 68,847 units in May. Wholesale volumes of two-wheelers dropped 6.73 per cent to 1726206 units. 

Vehicle sales across categories crashed 8.62 per cent to 20,86,358 units in the month under review. 

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