Aug Auto Sales Down 23% Across Board

Sale of medium, heavy CVs plunge the most at 54%; passenger cars follow with a 41% fall

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The auto sector, which has been hurtling downhill for sometime now, came out of August more battered and bruised, data shared by the Society of Indian Automobile Manufacturers (SIAM) on Monday showed. Passenger car sales, which seem to have ran out of gas with buyers postponing their purchases, was the worst hit, declining by 41 per cent year-on-year (YoY) to 1,15,957 units against 1,96,847 units in the same month last year. Passenger vehicle sales also declined by around 32 per cent to 1,96,524 units during last month against 2,87,198 units in the corresponding month