Passenger vehicle sales skid first time in 6-month, fall 2.7% in July: Siam

High base of last year after GST implementation hits demand

Passenger vehicle (PV) sales in India dropped 2.7 per cent in July over a year-ago period, Society of Indian Automobile Manufacturers (Siam) said on Friday. The decline, it said, was a first in six months and came on the back of a high base of last year when dealers re-stocked inventory post-GST implementation. Sales of cars and utility vehicles dropped to 2,90,960 units in July from 2,99,066 units in the same month previous year. The sales of utility vehicles saw a volume drop of 8.95 per cent during the month over a year-ago period. 

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