Domestic automobile sales in India declined nearly 14 percent year-on-year to 23.1 million units in 2019, according to data from the Society of Indian Automobile Manufacturers.
A slow economy and low consumer sentiment affected overall demand in the world’s fourth-largest automobile market in 2019. Last years decline came after firm growth in 2018, when domestic auto sales – including passenger vehicles, commercial vehicles, three-wheelers and two-wheelers – increased about 13 percent to 26.8 million units.
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The rate of decline was not even across all vehicle types. Total passenger car sales fell about 19 percent to 1.8 million units during the year, according to SIAMs Jan. 10 release. The organization represents all major vehicle and vehicular engine manufacturers in India. Sales of vans slumped 25 percent to 157,303 units while utility vehicle sales rose 4.7 percent to 984,801 units.