Domestic car sales skid 25 pc to 1.4 lakh in June: SIAM

Motorcycle sales declined 9.57 per cent to 10.84 lakh units as against 11.99 lakh units a year earlier. Two-wheeler sales in June declined 11.69 per cent to 16.49 lakh units compared to 18.67 lakh units in the year-ago month.

Written by July 10, 2019 14:23

Domestic passenger vehicle sales dropped by 17.54 per cent to 2.25 lakh units in June from 2.73 lakh units in the same month of previous year, data released on Wednesday by an apex industry body showed.

Domestic car sales were down 24.9 per cent to 1.39 lakh units as against 1.83 lakh units in June 2018, according to the Society of Indian Automobile Manufacturers (SIAM).

Motorcycle sales declined 9.57 per cent to 10.84 lakh units as against 11.99 lakh units a year earlier. Two-wheeler sales in June declined 11.69 per cent to 16.49 lakh units compared to 18.67 lakh units in the year-ago month.

Honda Motorcycle and Scooter India has launched the 2018 CD 110 Dream DX as a replacement for the CD 110 Dream and priced it at Rs 48,641 for the base variant and Rs 48,931 for the carrier variant (both prices, ex-showroom, Delhi). The bare-bones commuter is also the cheapest Honda motorcycle currently on sale in India. Commenting on the new version, Yadvinder Singh Guleria, senior vice president – sales and marketing, Honda Motorcycle and Scooter India (HMSI), said, “The iconic CD brand has been winning the trust of millions of customers globally since 1966. Taking forward its legacy, 2018 CD 110 Dream DX offers the same level of trust and reliability. We are confident that the new edition too will garner good response from our customers, especially when there are sentiments in rural demand.” Price of 2018 CD 110 Dream DX The 2018 edition of CD 110 Dream DX is attractively priced starting at Rs. 48,641 (Ex-showroom, Delhi). Colour of 2018 CD 110 Dream DX The new 2018 edition of CD 110 Dream DX is attractively priced starting at Rs. 48,641 (Ex-showroom, Delhi). Power and Mileage Powering the CD 110 Dream DX is the trusted 110cc HET (Honda Eco Technology) engine which produces a balance between power and mileage.

 

On the other hand, sales of commercial vehicles were down 12.27 per cent to 70,771 units in June against 80,670 units in the same period a year ago.

SIAM said vehicle sales across categories marked a decline of 12.34 per cent to 19.97 lakh units from 22.79 lakh units in June 2018.

In the April-June period, passenger vehicle sales declined 18.42 per cent to 7.12 lakh units compared to 8.73 lakh units in the year-on period.

Vehicle sales across all categories declined by 12.35 per cent to 60.85 lakh units in the April to June period against 69.42 units in the same period of last year.

Experts say weak auto sales are largely due to a severe liquidity crunch in the non-banking financial sector. (ANI)