CarWale
    AD

    Decline in car sales anticipated in current financial year

    Authors Image

    Ninad Ambre

    4,784 Views
    Decline in car sales anticipated in current financial year

    Owing to the economic slowdown and continuously increasing rates of interest and fuel, car sales are expected to dip for the 2014, reports Economic Times. The drop in sales however is predicted to be a gradual one.

    According to reports from the Society of Indian Automobile Manufacturers (SIAM) last month 1,63,199 cars were sold in India. In comparison to the car sales for the same period last year this value has decreased by 3.9 percent. Earlier in April SIAM had foreseen automakers selling more cars this year and adding to the overall sales by three-five percent. But seeing the car sales fall continuously over the past nine months SIAM announced that the sales may drop instead of rising. Thankfully, due to the festive season, October was an exception as Indians purchased more vehicles as festivals are considered to be an auspicious time for buying vehicles.

    Vishnu Mathur, Director General at SIAM, commented, "Now the decline is moderating, so if it keeps on moderating at this pace maybe we'll see zero growth in January-February. Definitely the year will be negative."

    Fall in the value of rupee to the dollar, fuel prices shooting up, very inadequate salary hikes in the urban areas and many other factors are adding to the plight of car buyers in India eventually hindering the auto business. Analysts from the automobile industry predict and hope that this phase will revive itself by the end of this fiscal year.

      

    Related News

    Popular News

    Recent News

    Honda Amaze [2013-2016] Gallery

    • images
    • videos

    Featured Cars

    • SEDANS
    • JUST LAUNCHED
    • Upcoming
    BMW M5
    BMW M5
    Rs. 1.99 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    JUST LAUNCHED
    21st NOV
    Hyundai Verna
    Hyundai Verna
    Rs. 11.00 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Skoda Slavia
    Skoda Slavia
    Rs. 10.49 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Volkswagen Virtus
    Volkswagen Virtus
    Rs. 11.56 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Honda City
    Honda City
    Rs. 11.86 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    BMW 7 Series
    BMW 7 Series
    Rs. 1.82 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    BMW M340i
    BMW M340i
    Rs. 74.90 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mercedes-Benz A-Class Limousine
    Mercedes-Benz A-Class Limousine
    Rs. 46.05 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    BMW M5
    BMW M5
    Rs. 1.99 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    JUST LAUNCHED
    21st NOV
    Mercedes-Benz AMG C 63 S E Performance
    Mercedes-Benz AMG C 63 S E Performance
    Rs. 1.95 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    JUST LAUNCHED
    12th NOV
    Maruti Suzuki Dzire
    Maruti Dzire
    Rs. 6.79 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    JUST LAUNCHED
    11th NOV
    Skoda Kylaq
    Skoda Kylaq
    Rs. 7.89 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    JUST LAUNCHED
    6th NOV
    Mercedes-Benz AMG G-Class
    Mercedes-Benz AMG G-Class
    Rs. 3.60 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mercedes-Benz E-Class
    Mercedes-Benz E-Class
    Rs. 78.50 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Volvo EX40
    Volvo EX40
    Rs. 56.10 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    BYD eMax 7
    BYD eMax 7
    Rs. 26.90 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Audi Q7 facelift
    LAUNCHING SOON
    Nov 2024
    Audi Q7 facelift

    Rs. 89.00 - 98.00 LakhEstimated Price

    28th Nov 2024Expected Launch

    Get Launch Alert on WhatsApp

    Mahindra XEV 9e
    Mahindra XEV 9e

    Rs. 50.00 - 52.00 LakhEstimated Price

    26th Nov 2024Expected Launch

    Get Launch Alert on WhatsApp

    Mahindra BE 6e
    Mahindra BE 6e

    Rs. 17.00 - 21.00 LakhEstimated Price

    26th Nov 2024Unveil Date

    Get Launch Alert on WhatsApp

    Honda Amaze 2024
    LAUNCHING SOON
    Dec 2024
    Honda Amaze 2024

    Rs. 7.50 - 10.00 LakhEstimated Price

    4th Dec 2024Expected Launch

    Get Launch Alert on WhatsApp

    Toyota Camry 2024
    Toyota Camry 2024

    Rs. 45.00 - 55.00 LakhEstimated Price

    11th Dec 2024Expected Launch

    Get Launch Alert on WhatsApp

    BMW New X3
    BMW New X3

    Rs. 65.00 - 70.00 LakhEstimated Price

    Jan 2025 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Hyundai Creta EV
    Hyundai Creta EV

    Rs. 22.00 - 26.00 LakhEstimated Price

    Jan 2025 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Tata Punch facelift
    Tata Punch facelift

    Rs. 6.00 - 11.00 LakhEstimated Price

    Feb 2025 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    AD
    • honda-cars
    • other brands
    Honda Elevate
    Honda Elevate
    Rs. 11.73 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Honda Amaze
    Honda Amaze
    Rs. 7.23 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Honda City
    Honda City
    Rs. 11.86 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city

    Honda Amaze [2013-2016] Price in India

    CityOn-Road Prices
    MumbaiRs. 6.38 Lakh
    BangaloreRs. 6.43 Lakh
    DelhiRs. 5.79 Lakh
    PuneRs. 6.34 Lakh
    HyderabadRs. 6.30 Lakh
    AhmedabadRs. 6.16 Lakh
    ChennaiRs. 6.07 Lakh
    KolkataRs. 6.14 Lakh
    ChandigarhRs. 5.95 Lakh

    Popular Videos

    Honda Elevate Review - Ignore it at your own risk! | CarWale
    youtube-icon
    Honda Elevate Review - Ignore it at your own risk! | CarWale
    By CarWale Team01 Aug 2023
    289000 Views
    2187 Likes
    Mail Image
    Sign up for our Newsletter
    Get all the latest updates from CarWale
    • Home
    • News
    • Decline in car sales anticipated in current financial year