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Written by : Tech Trends Team

Passenger cars sales declined in April as low demand, along with high-interest costs, continued to dent sale figures. According to the Society of Indian Automobile Manufacturers (SIAM), the industry has produced a total of 23,63,376 vehicles including passenger vehicles, commercial vehicles, three wheelers, two-wheelers and quadricycle in April 2019 as against 26,46,257 in April 2018, registering a decline of 10.69 per cent over the same month last year.

The sale of passenger vehicles declined by 17.07 per cent in April 2019 over the same month last year. Within the passenger vehicles, the sales for passenger cars, utility vehicle & vans declined by 19.93 per cent, 6.67 per cent and 30.11 per cent respectively in April 2019 over the same month last year.

The overall commercial vehicles segment registered a decline of 5.98 per cent in April 2019 as compared to the same month last year. Three wheelers sales declined by 7.44 per cent in April 2019 over the same month last year.

The data also reveals that two-wheelers sales also dropped by a little over 16.36 per cent in April 2019 over April 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by 25.89 per cent, 11.81 per cent and 5.88 per cent respectively in April 2019 over April 2018.

In April 2019, overall automobile exports declined by 0.05 per cent. While passenger vehicles exports grew by 11.60 per cent, commercial vehicles, three wheelers and two wheelers registered a de-growth of 54.32 per cent, 7.53 per cent and 0.04 per cent respectively in April 2019 over the same period last year.