Major Automobile Manufacturers Report Sharp Decline In August Sales

Major automobile manufacturers including Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Tata Motors and Honda on Sunday reported a high double-digit decline in their sales in August as the Indian auto sector continued to reel under one of the worst slowdowns in its history.
While Maruti reported a 33 per cent drop in August sales at 1,06,413 units, sale of passenger vehicles by Tata Motors fell 58 per cent during the month under review.
Similarly, Honda Cars India and Toyota Kirloskar Motor (TKM) sales dropped 51 per cent and 21 per cent, respectively.