Car sales in May down 21pc in India

12th June, 2019 09:47:38 printer

NEW DELHI: Cars and sports utility vehicles' (SUVs) sales in India fell by 21 percent in May compared to the same month last year, the data released by the Society of Indian Automobile Manufacturers (SIAM) showed.

A total of 240,000 passengers vehicles, SUVs and vans were sold during the month, compared to 300,000 units sold in May 2018, reports Xinhua.

This is described as the "sharpest decline" in the past 18 years after 2001 when car sales had witnessed a decline of 22 percent. The slowdown was witnessed in both the urban and rural markets, said the industry insiders.