AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,506 Increased By 12.9 (0.17%)
BR30 24,683 Increased By 124.5 (0.51%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)
Life & Style

Mitsubishi Motors Japan sales extend slide after mileage scandal

TOKYO: Domestic vehicle sales at Mitsubishi Motors Corp roughly halved in May for the second straight month as deman
Published June 29, 2016 Updated May 9, 2018

TOKYO: Domestic vehicle sales at Mitsubishi Motors Corp roughly halved in May for the second straight month as demand continued to fall after the Japanese automaker admitted to overstating the mileage of four mini vehicles it produced.

Sales at Nissan Motor Co Ltd also suffered, led by mini vehicles, or "kei" cars, as the company markets two of the affected models supplied by Mitsubishi Motors.

Sales of the four models have been stopped since Mitsubishi in April admitted to the falsification. The company has said it plans to resume production early next month, after Japan's transport ministry said the classification of the vehicles had not been affected by the issue.

Mitsubishi said overall domestic sales for last month fell 51.6 percent from a year earlier, led by a 75.0 percent tumble in sales of mini vehicles. Domestic production slumped 39.8 percent on the year.

Domestic sales at Nissan fell 26.2 percent in May from last year, led by a 76.8 percent fall in mini vehicles.

Suzuki Motor Corp, which last month admitted to using incorrect data to calculate mileage for many of its mini vehicles, reported a fall of 6.6 percent in overall domestic sales, after mini vehicle sales fell 15.4 percent.

Copyright Reuters, 2016

Comments

Comments are closed.