Passenger vehicle sales

SIAM said the total production of passenger vehicles including three-wheelers, two-wheelers and quadricycles in July was 17.15 lakh units as against 24.28 lakh units in the same month of last year with a de-growth of 29.36 per cent.

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.

Domestic two-wheeler sales were down by 21 per cent and domestic commercial vehicles sales dipped by 38 per cent year-on-year.

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.