New Delhi: Domestic passenger vehicle (PV) sales declined by 17.54% to 2,25,732 units in June from 2,73,748 units in the year-ago period. Domestic car sales were down 24.97% to 1,39,628 units as against 1,83,885 units in June 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) Wednesday. Motorcycle sales last month declined 9.57% to 10,84,598 units as against 11,99,332 units a year earlier. Total two-wheeler sales in June declined 11.69% to 16,49,477 units compared to 18,67,884 units in the year-ago month.
Sales of commercial vehicles were down 12.27% to 70,771 units in June against 80,670 units in the same period a year ago, SIAM said. Vehicle sales across categories registered a decline of 12.34% to 19,97,952 units from 22,79,186 units in June 2018, it added. In fact, all vehicle categories witnessed decline in sales during the month. In the April-June period PV sales declined 18.42% to 7,12,620 units compared with 8,73,490 units in the year-ago period.
TaMo stock falls nearly 3%
New Delhi: Shares of Tata Motors Wednesday fell by nearly 3% after the company said its British arm Jaguar Land Rover's sales were down 9.6% in June this year. The scrip declined 2.79% to close at Rs 151.40 on the BSE. During the day, it dropped 4.23% to Rs 149.15.
(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)
