Auto Sales Fall 19% In July, Worst In 19 Years
The Hindu|August 14, 2019

Sales across segments fall to 18.25 lakh units; biggest slump of 21.8% seen in Dec. 2000, says SIAM.

B. Velankanni Raj
Auto Sales Fall 19% In July, Worst In 19 Years

Hit by poor consumer sentiment, the automobile industry saw its monthly sales decline 18.71% last month, the worst ever in nearly 19 years, forcing the industry to resort to job cuts. The sector reiterated its demand for a stimulus to arrest the continued downturn, particularly ahead of the festive season.

As per data released by industry body SIAM, vehicle sales across categories fell to over 18.25 lakh units in July 2019, down from more than 22.45 lakh units in the year-ago month. Previously, the biggest slump of 21.81% was seen nearly two decades back in December 2000.

This story is from the August 14, 2019 edition of The Hindu.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the August 14, 2019 edition of The Hindu.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE HINDUView All
‘Olympics Cancellation Likely If Vaccine Not Found In Time'
The Hindu

‘Olympics Cancellation Likely If Vaccine Not Found In Time'

Further delays impossible, says Tokyo Games organising panel chief Mori

time-read
1 min  |
April 29, 2020
It's Wholesale Only At Koyambedu Market
The Hindu

It's Wholesale Only At Koyambedu Market

Retail outlets to remain shut to bring down crowding.

time-read
2 mins  |
April 29, 2020
Ministry Does U-Turn On Plasma Therapy
The Hindu

Ministry Does U-Turn On Plasma Therapy

Treatment not proven: Health official

time-read
2 mins  |
April 29, 2020
Trump's Bleach Statements Echo Claims By Pseudo-Scientists
The Hindu

Trump's Bleach Statements Echo Claims By Pseudo-Scientists

‘Miracle cure’ quacks have long promoted industrial bleach to treat autism, malaria and many other medical conditions

time-read
3 mins  |
April 29, 2020
U.S. May Seek Damages From China
The Hindu

U.S. May Seek Damages From China

President says many options on the table to hold Beijing accountable, draws an angry response

time-read
2 mins  |
April 29, 2020
Koyambedu Market May Be Shifted Out
The Hindu

Koyambedu Market May Be Shifted Out

Decision likely at today's meeting of stakeholders; aim is to enforce physical distancing

time-read
2 mins  |
April 28, 2020
Massive Spike Of 522 Cases In Maharashtra
The Hindu

Massive Spike Of 522 Cases In Maharashtra

On Monday, cumulative tally surged to 8,590 positive cases with 27 more deaths

time-read
2 mins  |
April 28, 2020
The Script Of Disruption And A New Order
The Hindu

The Script Of Disruption And A New Order

Across the globe, the geopolitical and geo-economic fallout of the COVID-19 pandemic could be serious

time-read
6 mins  |
April 28, 2020
A Policy Road Map To Tackle Covid-19
The Hindu

A Policy Road Map To Tackle Covid-19

The interest of each and the interests of all now coincide, not only within nations but for all humanity

time-read
5 mins  |
April 28, 2020
ICMR Says No Payment Made For Chinese Test Kits Supplies
The Hindu

ICMR Says No Payment Made For Chinese Test Kits Supplies

Alleged profiteering by distributors supplying the kits

time-read
2 mins  |
April 28, 2020