Domestic auto sales skid 12% in June, no immediate respite likely

The pain for automobile firms is unlikely to ease any time soon as weak rural demand and a delayed monsoon weigh on buyer sentiment

Auto sales across all segments of the market continued the declining trend in June compared to the year-ago period as manufacturers slashed dispatches to keep inventory in check amid weak retail sales and poor buying sentiment.
 
Auto firms in India count deliveries to dealers as sales.
 
During the month, domestic sales across passenger vehicles (PVs), commercial vehicles (CVs) as well as two- and three-wheelers fell 12 per cent year-on-year, industry body Society of Indian Automobile Manufacturer (Siam) said on Wednesday.
 
Even as the industry body sticks to its earlier forecast of 2-5 per cent growth for PVs