Automobile sales down 19.08%; economic slowdown, BS-VI transition take toll
Automobile sales in India across categories declined 19.08 per cent in February as economic slowdown continued to hit demand, besides lower production in view of transition to BS-VI emission norms affecting wholesale dispatches, auto industry body SIAM said on Friday.
Vehicle sales across categories stood at 16,46,332 units last month as against 20,34,597 units in February 2019, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
“The decline in wholesale dispatches is primarily due to economic slowdown and lower production of BS-IV vehicles. Some upside on the registration numbers of VAHAN can be attributed to last-minute purchase by customers trying to advance purchase of BS-IV vehicles,” SIAM President Rajan Wadhera said in a statement.
