Car Sales Up Marginally; Passenger Vehicles Up 4.48% In October
Automobile sales register a marginal rise in October.
Domestic passenger vehicle sales rose 4.48 percent to 2,80,677 units in October from 2,68,630 units in the same month last year.
Domestic car sales were up marginally to 1,95,036 units as against 1,94,158 units in October last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Motorcycle sales last month grew 7.37 percent to 11,44,516 units as against 10,65,925 units a year earlier.
Total two-wheeler sales in October increased 8.72 percent to 18,00,672 units as compared with 16,56,304 units in the year-ago month.
Sales of commercial vehicles were up 11.9 percent to 65,569 units in October, SIAM said.
Vehicle sales across categories registered a growth of 8.14 percent to 22,01,571 units from 20,35,905 units in October 2015, it added.
Total vehicles sales have grown by more than 10 percent in the first 7 months of this financial year, according to the data released by SIAM, who’s also hoping that the Goods and Services Tax (GST) once implemented doesn’t increase the tax levied on small cars.
With inputs from PTI.