Festive Season Helps Passenger Vehicle Sales Jump Nearly 5% In Nov

0
7

Business

oi-Olga Robert

By Staff

|

Published: Saturday, December 12, 2020, 22:50 [IST]

India’s passenger vehicle sales rose 4.6% in November as the festive season saw a pick up in demand, said industry body SIAM on Friday, and corrected its earlier projection of a sharp 13% growth.

As many as 2,64,898 passenger vehicles were sold in November when compared to 2,53,139 units in the same month last year, SIAM said in revised numbers.

Festive Season Helps Passenger Vehicle Sales Jump Nearly 5% In Nov

The Society of Indian Automobile Manufacturers (SIAM), which is currently headed by Maruti Suzuki India (MSI) MD and CEO Kenichi Ayukawa, earlier in the day released auto sales numbers for November that added more than 20,000 vehicle sales to Maruti’s actual despatches, overturning a 2.4% decline into a 12.3% growth. MSI controls half of the passenger vehicle market share in the country.

According to the latest data by SIAM, two-wheeler sales rose 13.43% to 16,00,379 units, compared with 14,10,939 units in the same month last year.

Motorcycle sales were at 10,26,705 units as against 8,93,538 units in November 2019, up 14.9%. Scooter sales were also up by 9.29% at 5,02,561 units, from 4,59,851 units in the same month last year.

Three-wheeler sales, however, declined by 57.64% to 23,626 units last month as against 55,778 units in November 2019. Total sales of passenger vehicles, two-wheelers, three-wheelers and the quadricycles during last month stood at 18,88,903 units, up 9.83% from 17,19,874 units in November 2019.

For investment related articles, business news and mutual fund advise

Allow Notifications

You have already subscribed

!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘407111549682023’);

fbq(‘track’, ‘PageView’);

Leave a Reply