ShutterstockPassenger vehicle sales in the country declined for the third month in a row in January, falling 1.87 per cent, as manufacturers continued to cut inventory at dealers following tepid festive season sales. Domestic car sales were also down for the third consecutive month, declining 2.65 per cent to 1,79,389 units compared with 1,84,264 units in January 2018. Similarly, homegrown utility vehicles major Mahindra & Mahindra saw a 0.88 per cent rise in its PV sales at 23,864 units last month. HMIL's car sales were also down 1.58 per cent at 35,439 units last month. Honda Cars India, however, saw its car sales grow 51.67 per cent to 14,383 units.

Source: The Telegraph February 08, 2019 20:15 UTC