New Delhi: Amidst the ongoing economic crisis, India’s passenger vehicle sales dropped 23.7 per cent in September, a data released by the Society of Indian Automobile Manufacturers (SIAM) said.
Notably, this is being said to be the worst slowdowns in the auto sector, registering a straight 11th month of declines.
Meanwhile, Union Finance Minister Nirmala Sitharaman said, “I’ve been interacting with the automobile sector from all over the country, they have met me twice in Delhi. Consumer demand has not revived for the automobile sector, if the sector wants anything particular they can always talk to me.”
The ongoing economic crisis in the country has impacted the automobile sector severely, with the industry recording the worst sales slowdowns.
“Passenger vehicle sales dropped to 223,317 units in September,” the Society of Indian Automobile Manufacturers (SIAM) data said.
Passenger car sales dived 33.4% to 131,281 units, Reuters reported.
Furthermore, the auto industry, through the Society of Indian Automobile Manufacturers (SIAM), has been asking the government to reduce GST on automobiles to 18 per cent from 28 per cent.