This October proved to be a record-breaking month for passenger vehicles (PVs) and two-wheelers (2Ws) as the segments posted their highest-ever domestic sales on the back of festival demand, with Dussehra and Diwali falling in the month. However, the three-wheeler (3W) segment faced a slight decline in domestic sales.
The Society of Indian Automobile Manufacturers (SIAM) reported that the PV segment recorded its highest-ever October domestic sales at 3,93,238 units, marking a modest 0.9 per cent increase over the same period last year despite a higher base. Utility vehicles (UVs), which include SUVs and MUVs, surged by 13.9 per cent in October and 13.28 per cent from April to October.
This story is from the November 14, 2024 edition of Business Standard.
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This story is from the November 14, 2024 edition of Business Standard.
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