Two-wheelers worst hit as automobile sales drop in May

cmriidul · 发表于 2019-06-18 17:35:19

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[p]Automobile retail sales dropped by 7.5 per cent year-on-year (YoY) in May 2019 to 17,71,920 units from 19,14,795 units in May 2018, the Federation of Automobile Dealers Associations (FADA) said on Friday.

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[p]The worst hit was the two-wheeler industry due to an increase in insurance rates, liquidity crunch, poor sentiment, rural distress and uncertainty of the BS-VI regulations, among other factors.

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[p]Earlier last week week, the Society of Indian Automobile Manufacturers data, which is for wholesale figures, showed a fall of 8.62 per cent in total domestic sales in May 2019 compared to May 2018.