From the recent updates, we got information that India is having the worst and steepest fall ever in August for Monthly Passenger Vehicles Sales Log. Therefore, the data released by the body says that there is continued slowdown in the sector of aimed insurance. This is a statement given by the government for revival.
After all this, we will let you know about the Passenger vehicles sales this year. This year the vehicles sale plunged 31.57%. This means that 196,524 units are sold in August. For the upcoming month, the Society of Indian Automobile Manufacturers has shown the data. Therefore, the data shows that car sales fell around 41.09% to 115,957 units.
Hence, after all this, the Automobile manufacturers are saying that this is the worst ever fall. For both the categories, this is the worst fall since the recording of data from 1997-98.
After all the downfall in Vehicles Sales, the road and transport minister Mr. Nitin Gadkari gave a statement. He says that the government has been working well to help this sector. Hence, after this statement, he said that “I have asked the finance minister to help us with this problem.”
Automobile manufacturers are waiting for the finance minister for cutting taxes on petrol and diesel as well as for hybrid vehicles.
Stay updated to get more information.