Passenger vehicles in the domestic market rose 12.73 per cent to 2,85,367 units last month, industry body Society of Indian Automobile Manufacturers (SIAM) said on Friday. Total sales across segments — including passenger and commercial vehicles — came in at 19,09,372 units in November, marking a growth of 11.02 per cent compared with the corresponding period a year ago. The latest data shows a rebound in the auto sector following months of weak demand on account of the coronavirus pandemic-related restrictions.
The rise in sales was primarily on account of the festive season, SIAM said in a statement. Two-wheeler sales also increased, marking a growth of 13.43 per cent to 16,00,379 vehicles in November.
“The retail sales of two-wheelers lags behind the wholesale sales numbers but would even out over a period, as original equipment manufacturers engage with their dealers. While the festive season brought back some fervor in specific segments, the overall economic scenario would determine the industry’s performance going forward,” said Rajesh Menon, director general, SIAM.