India’s passenger vehicle sales slump in June, hit by economic gloom due to lockdowns

WION Web Team NEW DELHI Jul 14, 2020, 03.50 PM(IST)

Car Sales. Photograph:( Reuters )

Story highlights

According to data released by the Society of Indian Automobile Manufacturers (SIAM), car sales in the country plunged 57.98 per cent to 55,497 units last month compared to 132,077 units during June last year. 

India’s domestic car and SUV sales fell by 50% in June compared to the same period last year, owing to the economic slump caused by the coronavirus crisis.

According to the Society of Indian Automobile Manufacturers (SIAM), passenger car sales fell 58% to 55,497 in June from a year ago, while sales of two-wheelers - widely seen as an indicator of the health of the rural economy - fell 39%.

The numbers provide a glimpse into economic activity in Asia’s third-largest economy, which has struggled to compile official figures on key indicators as strict stay-at-home measures to contain the virus affected data collection. 

Prime Minister Narendra Modi, fighting the nation’s worst economic downturn in decades, opened up most activities last month in an effort to revive sentiment and growth.

(With inputs from agencies)