Biznextindia : Despite several measures form the government to revive the Automobile Industry, the industry has continued to witness a slump in sales owing to weak consumer sentiment.
Bajaj Auto, the country’s leading two-wheeler and three-wheeler manufacturers has reported 20% fall in its overall sales in September. The domestic sales has remained the biggest cause of concern, as its slumped by 31% 215,501 units. Exports has remained almost flat at 186,534 units.
However, its cumulative sales in the first half of the current fiscal has witnessed a marginal fall of 6% at 2,420,765 units, against the same period last fiscal. The company’s domestic sales during the 6 months have dropped by 11% at 1,326,233 units.