October 1, 2020

Passenger car gross sales in India enhance in double digits for first time in two years: SIAM



New Delhi: Passenger car gross sales grew in robust double digits for the primary time in almost two years, albeit on a low base, pretty much as good retail demand elevated manufacturing helped producers dispatch extra autos in August.

As per knowledge out there with business physique Society of Indian Car Producers (SIAM), as many as 215,916 passenger autos had been offered final month, which is a rise of 14.15% in comparison with 189,129 items offered within the year-ago interval. The wholesale numbers exclude these of Tata Motors which is reporting its knowledge to SIAM on a quarterly foundation for the reason that begin of the fiscal.

Wholesale volumes of two-wheelers too elevated by 3% to 1,559,665 items in August. Whereas demand for bikes rose 10.13% to 1,032,476 items; that for scooters fell 12.30% to 456,848 items.

Gross sales of three-wheelers within the interval underneath assessment fell 75.29% to 14,534 items.