 "Heavy discounts likely to dispose of car stock")
Domestic automobile sales saw a muted growth of one per cent in June as the passenger vehicle (cars, utility vehicles and vans) segment declined more than 11 per cent. A four per cent growth in two-wheelers, however, helped the industry remain in the green. Sales of commercial vehicles grew by just 1.44 per cent, while three-wheelers declined almost 25 per cent.
Data from Society of Indian Automobile Manufacturers (Siam), which captures wholesales of companies to dealers, shows the passenger vehicle makers dispatched 198,399 units in June, about 11 per cent lower to the volumes in corresponding month last year. This was
