India's passenger vehicles sales slump 31% in July

Credit: REUTERS/BABU

India's domestic passenger vehicle sales fell 30.9% in July, an auto industry body said on Tuesday, marking a ninth straight decline in monthly sales amid a deepening crisis in the autos sector that has triggered massive job losses.

NEW DELHI, Aug 13 (Reuters) - India's domestic passenger vehicle sales fell 30.9% in July, an auto industry body said on Tuesday, marking a ninth straight decline in monthly sales amid a deepening crisis in the autos sector that has triggered massive job losses.

The country's automakers sold a total of 200,790 passenger vehicles in July, according to data released by the Society of Indian Automobile Manufacturers (SIAM). The data also showed that domestic passenger vehicle production was down nearly 17% in the month.

(Reporting by Aditi Shah; Writing by Sudarshan Varadhan; Editing by Euan Rocha;)

((Sudarshan.Varadhan@thomsonreuters.com; +919810393152; Twitter: https://twitter.com/sudvaradhan @sudvaradhan;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More