the source notedthe automobile industry recorded its worstever sales decline in two decades in 2019 with an unprecedented slowdown hampering vehicle offtake across segmentsaccording to data released by the society of indian automobile manufacturers siam last week all vehicle segments reported degrowth last year as low consumer sentiments weak rural demand and economic slowdown took toll on demandoverall wholesale of vehicles during the year across categories including passenger vehicles twowheelers and commercial vehicles saw a decline of 1377 per cent in 2019 at 23073438 units as against 26758787 units in 2018this is the worst fall in sales since the industry body started recording monthly and yearly sales data in 1997 the previous lowest was recorded in 2007 when overall sales had declined by 144 per cent pti published on jan 12 2020 at 0238 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app budget 2020 scrappage policy electric vehicle auto slowdown union budget auto industry homenewsindustryauto industry seeks bold fiscal measures in the budget to revive growth