Automobile sales decline further, reveals fresh data

The automobile sector witnessed a sharp decline in the month of August, a data released by an industry body highlighted on Monday. Passenger vehicle sales dropped 31.57% year-on-year to 196,524 units in August, falling for the 10th straight month, the Society of Indian Automobile Manufacturers (Siam) data showed. Union minister Nitin Gadkari gave assurance to them that the government was working to help the sector and said he had asked the finance ministry to consider cutting taxes on petrol and diesel.