News and Events

Automobiles plumb new doldrums in May
Date: 18/06/2013

No Hope Ahead Industry is concerned there may be large-scale layoffs soon

CAR, TRUCKS, TWO-WHEELERS: SALES IN MAY 2013

Segment	May-13	May-12	Growth
Passenger Cars	143,216	163,222	-12.26%
Utility vehicles	42,330	40,635	4.17%
Vans	15,891	17,271	-7.99%
Two-wheelers	120,6273	119,2700	1.14%
Three-wheelers	35,841	37,126	-3.46%
Commercial vehicles	55,458	62,032	-10.60%
Total domestic sales	1,498,909	1,512,986	-0.93%
Exports Source SIAM	226,648	246,524	-8.06%

Domestic car sales declined for the seventh straight month in May, down 12.26% as the worst stretch of consecutive monthly decline continued unabated. With no hope for growth likely in the near future, the industry is worried there may be large scale lay offs in the sector soon.

Source : HT 12.06.13

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