National

Passenger vehicles wholesale up 14% in October

Our Bureau New Delhi | Updated on November 11, 2020 Published on November 11, 2020

Sale of utility vehicles too grew by over 20%

The domestic wholesale (despatches from the factories to the dealers) of passenger cars recorded a growth of 10 per cent year-on-year (YoY) to 1,82,692 units in October, compared with 1,66,566 units in the corresponding month of the previous year.

Utility vehicles also grew by more than 20 per cent to 1,13,990 units during the month, compared with 94,637 units in October 2019.

This has led to total passenger vehicle sales of 3,10,294 units in October, a growth of 14 per cent YoY, against 2,71,737 units sold in the same month last year, latest data released by the Society of Indian Automobile Manufacturers (SIAM) said on Wednesday.

Also read: Auto industry, govt to meet to discuss roadmap for alternative fuels

In the two-wheeler segment, while scooter sales grew marginally, motorcycle sales shot up 24 per cent YoY.

Scooter sales were recorded at 5,90,597 units during the month, compared to 5,80,120 units in October 2019. Motorcycle sales grew at 13,82,749 units against 11,16,886 units in the corresponding month last year.

Also read: Passenger vehicle exports dip 58% in H1 on Covid-19 disruptions

However, total sales of three-wheelers declined by 61 per cent YoY to 26,187 units last month, compared with 66,985 units in October 2019.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on November 11, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.