commercial vehicles

Passenger car sales were down 58 per cent at 55,497 units while three-wheeler sales slipped to 10,300 units as compared to 51,885 units in June 2019, marking a decline of over 80 per cent.

The auto industry has been facing strong headwinds amid a slowing economy due to multiple factors -- liquidity crisis, high fuel prices, changes in axle load norms and BS-VI transition -- all leading to weak consumer sentiments and subdued demand across segments.

Lakhs of jobs and hundreds of dealers survival is at stake if demand de-growth predictions hold true and operating economics remain unchanged, he added.

After almost zero sales in April due to the complete lockdown, the Indian auto industry has restarted operations (both plants and dealerships) partially even as it adheres to new operating norms.

Commercial vehicles too witnessed a drop of 6.89 per cent to 82,187 registrations versus 88,271 in January 2019, data released by FADA showed. That took overall vehicle registrations to 17.5 lakh in January 2020, down 7.17 per cent from 18.85 lakh in January 2010.

Passenger vehicle registrations edged lower by 9 per cent to 2.15 lakh from 2.36 lakh in the year-ago period. But commercial vehicles witnessed a dramatic drop of 21 per cent to 67,793 registrations versus 85,833 in November 2018, data released by FADA showed.

Domestic sales of motorcycles fell by 14 per cent to 2.42 lakh units from 2.81 lakh in October last year. But exports rose by 3 per cent to 1.56 lakh units from 1.51 lakh.

Maruti Suzuki recently observed two days as 'no production days' in view of inventory pile-up. On Monday, Ashok Leyland announced a series of non-working days.

The auto industry has witnessed 2.15 lakh job losses due to the slowdown. Nearly 300 dealership outlets have vanished, resulting in two lakh people losing jobs. Another 15,000 job losses have been reported by original equipment manufacturers (OEMs), SIAM said.