India's largest car manufacturer sales down by 14 pct in June

Source: Xinhua| 2019-07-01 19:43:32|Editor: Wu Qin
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NEW DELHI, July 1 (Xinhua) -- India's largest car manufacturer, Maruti Suzuki India Limited, has reported a 14 percent drop in its sales in June, an official statement said on Monday.

The company sold a total of 124,708 units in June which included 113,031 units in the domestic market, 1,830 units of domestic original equipment manufacturer (OEM) sales and the export sales stood at 9,847 units.

In the April-June quarter of the financial year 2019-20, the company sold a total of 402,594 units. This includes 369,985 units in the domestic market, 4,496 units of domestic OEM sales and 28,113 units of exports.

India has been witnessing a drop in car sales over the past months.

Main reasons for the dip in sales are loss of jobs and tight liquidity. The introduction of cab aggregators like Ola and Uber, rising congestion on roads, and improving public transport services like Metro trains also contributed to a decrease in passenger vehicles' sales.