New Delhi, November 11
Passenger vehicle sales in India rose marginally in October aided by positive festive season sentiment and introduction of new models in utility vehicle space, just about managing to snap 11 continuous months of decline in sales, auto industry body SIAM said today.
The Society of Indian Automobile Manufacturers (SIAM) expressed hope that the positive sentiment would continue in November and December as well, thus helping the industry “slowly come out of the slowdown”.
According to the latest data by SIAM, passenger vehicle (PV) sales during October increased by 0.28% to 2,85,027 units from 2,84,223 units in the year-ago period. Passenger vehicle wholesales in India had declined for the 11th consecutive month in September.
However, vehicle sales across categories registered a decline of 12.76%. — PTI
Car sales dip 6.34%
- Passenger vehicle sales rose by 0.28% in October as compared to last year
- Domestic car sales were down 6.34% as compared to units sold in the same month last year