We believe, following the elections the auto industry will see a revival in consumer demand.PUNE: Car and tractor manufacturers continued to report decline in sales in April, indicating a slowdown due to bumper molds multiple factors, including tepid demand in Asia’s third largest economy.On Wednesday, India’s top two carmakers, Maruti Suzuki and Hyundai Motor India, which command nearly 70 per cent market share, had also reported a decline in their domestic sales in April.While Maruti Suzuki reported 17.“The industry is currently experiencing a slowdown due to uncertainty of general elections that looms over the market and this slow pace is expected to continue until the new government is formed,” N Raja, Deputy Managing Director at Bangalore-based Toyota ******loskar Motor, said.

Sales of tractors at Mahindra also fell 8 per cent at 27,495 units, as compared to 29,884 units in the year-ago period,“We expect that the prediction of a normal southwest monsoon will bring positive sentiment and boost tractor demand,” Rajesh Jejurikar, President for Farm Equipment Sector at MM said.43 per cent last month. Supported by a normal monsoon, we are confident of seeing higher sales in FY20,” he pointed out.Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high غير مجاز مي باشدts, he pointed out.Rajan Wadhera, President, Automotive Sector at Mahindra and Mahindra said the ongoing elections had subdued the purchase sentiment during April..Sales at Toyota ******loskar Motor also declined by 22.5 per cent at 2,05,875 units in April as against 2,00,742 units in the year-ago month.In the two wheeler segment, Bajaj Auto said its domestic motorcycle sales were up 2.“The industry has recorded de-growth for the 10th consecutive month.

Automakers Tata Motors and Mahindra and Toyota on Thursday reported decline in sales for April, which is 10th month of slowdown for the Motown.94 per cent to 19,966 units in April as against 21,927 units sold in the year-ago period.Similarly, passenger vehicles sales at Mahindra, India’s second biggest utility vehicle maker, dropped 8.2 per cent decline, Hyundai posted a drop of 10 per cent in domestic sales in the first month of the 2019-20 fiscal. Weak consumer sentiments are reflected in this demand de growth and we have also been impacted,” Mayank Pareek, President-Passenger Vehicles at Tata Motors, said. It sold a total of 10,112 vehicles compared with 13,037 units it sold in April 2018.“This, according to us, is a temporary phenomenon.Passenger vehicle sales at Tata Motors, India’s biggest automaker by revenues, fell 26 per cent to 12,694 units last month from 17,235 units sold in April 2018