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Sustained fall in car sales
Posted on: 12/Mar/2016 12:46:35 PM
There has been a fall in sales of cars for the second running month.
There was a drop in car sales by 4.21 percent in the month of February.
The reasons for the reduction in car sales is being attributed to the Jats demand for reservation quota and the expected fall in the prices of the cars pending budget.
All India Automobile Manufacturers Association (SIAM) has released the above information.
During the month of February, 164469 cars have been sold within the country.
As compared to this, the corresponding sales figure for the last year (2015) for February was 171703.
The car sales from Maruti Suzuki, one of the leading car manufactures in India, has gone down by 3.94 percent as compared to last year. During February 2016, only 87149 Maruti cars have been sold.
As for Hyundai, another car manufacturer, the fall in sales during this February is down by 12.7 percent as compared to last year corresponding month.
Honda has suffered a reduction of 15.61 percent during this February as compared to the previous February.
The sales of utility vehicles, from Mahindra & Mahindra, have gone up by 26.99 percent. The sales figure for February 2015 was 17805.The corresponding figure for February 2016 is 22612.
The sales of 2-wheelers have gone up by 12.75 percent during February 2016 as compared to February 2015.
During February 2015, 1208084 2-wheelers were sold.
During February 2016, this figure is up – 1362219 2-wheelers have been sold.
The sales of motorcycles have also gone up in February 2016 by 11.05 percent
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