Economic Times: November 10, 2016
New Delhi: Sales of passenger vehicles grow by 4.48% to 280677 units in October according to data released by industry body Society of Indian Automobile Manufacturers (SIAM).
Sales of passenger vehicles stood at 268630 units in the corresponding period of the last fiscal.
Sales of commercial vehicles too went up by a strong 11.90% to 65569 units during the period under review. While sales of medium and heavy commercial vehicles increased by 16.92% to 25934 units, those of light commercial vehicles grew by 8.84% to 39635 units.
Sales of two-wheelers went up by 8.72% to 1800672. Improved sentiments in rural markets boosted motorcycle sales which rose by 7.37% to 1144516 units, those of scooters went up by 8.24% to 568410 units.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.