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Thursday, 1 August 2019

Auto cos in slow lane; July sales see double-digit fee

Continuing to face rough weather, Maruti Suzuki, Hyundai and three other auto majors reported a double-digit decline in sales in July as consumer sentiment remained subdued. Market leader Maruti Suzuki India (MSI) said its domestic sales were down 36.3 per cent at 98,210 units last month compared to 1,54,150 units in July last year. It was in June 2017 that the company's sales had last fallen below 1 lakh units mark in a month.

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