On a lower gear: Car sales decline over 5% in September, says SIAM

Overall domestic sales for automobile industry rose 3.72% to 2.58 million units in the month

Passenger vehicles, the most valuable segment of the domestic automobile industry by revenue, reported a decline of 5 per cent in September, when other segments — two-wheelers, three-wheelers and commercial vehicles — registered growth. 

The overall automobile industry’s domestic sales rose 3.72 per cent last month to 2.58 million units.

According to data released by the Society of Indian Automobile Manufacturers (Siam) on Friday, the passenger vehicle (cars, utility vehicles and vans) segment reported a decline of 5.61 per cent in September domestic sales to 292,658 units. 

This was the steepest monthly decline in the first half of this fiscal