India’s passenger vehicle sales fall for 9th month by 31% in July

India’s domestic passenger vehicle sales fell for the ninth straight month in July,. An auto industry said on…

India’s domestic passenger vehicle sales fell for the ninth straight month in July,.

An auto industry said on Tuesday, amid a crisis in the country’s automobile sector that has triggered large-scale job losses.

Sales of passenger vehicles to car dealers fell 30.9% to 200,790 in July, data released by the Society of Indian Automobile Manufacturers (SIAM) showed. Commercial vehicles sales fell 25.7% to 56,866 units, SIAM said.

Motorcycle and scooters sales fell about 1.51 million units, while passenger car sales fell 122,956 units, the data showed.

The data also showed that domestic passenger vehicle production was down nearly 17% in the month.

“The data shows urgent need for a revival package from the government. The industry is doing everything possible to increase sales but it needs government support to prevent the crisis from worsening,” Vishnu Mathur, director general of SIAM, told reporters in New Delhi.

India’s S&P BSE auto sector index has fallen 23% this year, with the country’s top automaker Maruti Suzuki’s market valuation falling 18.3% since the beginning of this year .

India’s auto sector is cutting tens of thousands of jobs citing slumping sales of cars and motorcycles, with many companies forced to shut down factories for days and axe shifts.

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