New Delhi: Passenger car sales in the country witnessed a significant drop in the second quarter of FY25, according to the latest sales data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday.
According to the data, car sales declined nearly 20 per cent year-on-year (Y-o-Y) in the July-September quarter. A total of 3,18,805 passenger cars were sold during the period, as against 3,96,498 units sold in the same quarter last year.
The slowdown in sales was not restricted to passenger cars alone. The data also indicated a drop in sales of goods carriers, which declined 15.8 per cent during the same period. 69,514 freight vehicles were sold in the second quarter of this year, down from 82,538 units in the same period last year. Light commercial vehicle sales also saw a significant decline. The segment witnessed a decline of 10.2 per cent in the second quarter of FY25 as compared to last year. 1,26,370 light commercial vehicles were sold between July and September, as against 1,53,927 units sold in the same period last year. This consistent decline across various segments of the automobile industry reflects the challenges faced by the sector during the current financial year. Passenger car and commercial vehicle sales have declined, while two-wheeler sales showed a more positive trend. Scooter sales grew by 16.9 per cent in the second quarter, with a total of 18.32 lakh units sold compared to 15.67 lakh units in the same period last year. Motorcycle sales also grew by 10.2 per cent, reaching 32.09 lakh units as compared to 29.13 lakh units in the year-ago quarter.
On the other hand, the electric rickshaw (e-rickshaw) segment witnessed a sharp decline in sales. E-rickshaw sales declined by 30.7 per cent in the second quarter, selling only 7,227 units as compared to 10,430 units in the same quarter last year.
The overall picture of the Indian automobile market for Q2 FY25 highlights contrasting trends, with declines in key segments such as passenger cars and commercial vehicles but growth in the two-wheeler market, particularly scooters and motorcycles.
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