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Automobiles

India automobile sales fall for 11th month in September

However, demand begins to recover as festive season starts

Cars are seen parked at Maruti Suzuki's plant at Manesar, in the northern state of Haryana, India, 2019.   © Reuters

MUMBAI (NewsRise) -- Passenger vehicles sales in India recorded the 11th straight month of decline in September, but the beginning of the annual festival season raises hopes of a recovery in demand.

Sales of passenger vehicles plunged 24% to 223,317 units last month, the Society of Indian Automobile Manufacturers, or SIAM, said in a statement on Friday. Cars witnessed a more than 33% slump to 131,281 units, but sport-utility vehicles reversed the declining course to report a 5.5% increase. SIAM's automobile sales are counted as factory dispatches and not retail sales.

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