According to the Society of Indian Automobile Manufacturers (Siam), this was a continuation of the double-digit sales growth posted by the industry since April this year. The only exception was the month of September, when overall sales growth slowed to 7.67 per cent.
A big surge in the sales of passenger cars and medium and heavy commercial vehicles (M&HCVs) raised domestic vehicle sales in October to 1,000,760 units — 15.62 per cent higher than the 865,566 units sold in the same month last year.October’s healthy sales growth for the overall automobile industry came on the back of record double-digit growth of 33 per cent for passenger cars and 11 per cent in the sales of two-wheelers.
A positive sales growth notched up by the M&HCV segment (large trucks in the goods carrier segment) for the third continuous month also helped the industry. This segment, which posted a positive growth of 1 and 3 per cent in August and September respectively this year, grew by a whopping 64.14 per cent in October after the industry sold a record 16,048 vehicles last month.Domestic sales of cars and utility vehicles for October grew 33 per cent, after the industry sold 168,043 units — the highest sales figure posted since this April. This is also a continuation of the double digit-growth posted by car manufacturers since July.
No comments:
Post a Comment