Sunday, 25 December 2016

CASH CRUNCH.. BIG PUNCH TO AUTOMOBILE INDUSTRY


Impact the automobile industry, the cancellation of the notes. Sales of passenger vehicles in the country last month, the growth rate was only 1.82 per cent. In February this year, the growth rate for the industry was the first time that such a low level. The two wheeler sales fell by almost 6 per cent. A significant drop in sales in rural areas Society of Indian Automobile Manufacturers (SIAM) said. Pyasembar November last year, sales were 2,40,979. 2,36,664 vehicles sold in the same month a year earlier.

Domestic passenger car sales rose to 1,73,606 from 1,73,111. Sales of commercial vehicles jumped by 11.58 per cent to 45.771. All categories, vehicle sales reached 5.48 per cent to 15,63,665 from 16,54,407.
Due to the festive season in October, the stock of companies pampayani to dealers, the result did not seem to affect the levels of wholesale SIAM Director General Vishnu Mathur said. Phainansdenani said 85 per cent of passenger vehicle sales.

People in rural areas wheeler viniyogistuntarani cash purchases, due to the cancellation of the notes has been significantly affected by the sale, he said. Sales of utility vehicles grew 10.01 per cent in November, the lowest growth in the last ten months, he said that there has never been. After the dissolution of the currency's decline in the number of customers coming into showrooms during the first week, after a while, he said, has been to improve the situation. The prevailing situation in the temporary cerukuntundanna to restore confidence in the auto industry in January, he said. .. However, the total vehicle sales in April-November reached 12.5 per cent to 1,54,20,035 from 1,37,07,157.

No comments:

Post a Comment