Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Nov 10, 2016

Car Sales Up Marginally; Passenger Vehicles Up 4.48% In October

Car Sales Up Marginally; Passenger Vehicles Up 4.48% In October
Tata Motors Ltd. automobiles stand on display inside the Prabhadevi Concorde Motors India Ltd. dealership in Mumbai (Photographer: Dhiraj Singh/Bloomberg)

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.

Also Read: Hero MotoCorp Vs Royal Enfield: The Better Bet Over The Next Five Years?

With inputs from PTI.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search