Weak September and H1 point to tough FY2020. Where's the scrappage policy?

Despite all stakeholders fervently hoping that vehicle sales would see better days in September, the month turned to be yet another month of poor demand for the Indian automobile industry. Overall sales across vehicle segments were down sharply by 22.41 percent with total factory despatches of 2,004,932 units (September 2018: 2,584,062).

Passenger vehicle numbers dropped 23.69 percent to 223,317 units (292,660) with commercial vehicle despatches declining 39.06 percent to 58,419 units (95,870). While three-wheelers were marginally down by 3.92 percent to 66,362 units (69,066), twowheelers slumped by 22.09 percent to 1,656,774 units (2,126,445) last month. September also marked the ...