Home / Companies / News / Festive sales help passenger vehicles snap 11-month declining streak in Oct

Festive sales help passenger vehicles snap 11-month declining streak in Oct

UV launches, steep festival discounts bolster sales

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Sales for the rest of the automakers remained negative, even as stock pile-up reduced substantially on the back of heavy discounts

Shally Seth Mohile Mumbai

4 min read Last Updated : Nov 11 2019 | 9:44 PM IST

Attractive consumer offers in the festive season, coupled with brisk growth in utility vehicles (UVs), drove passenger vehicle (PV) sales in India into positive terrain after 11 months of persistent decline, Society of Indian Automobile Manufacturers (Siam) said on Monday.

Automakers in India count dispatches to dealers as sales. However, dragged down by two-wheelers and commercial vehicles, the overall dispatches (all categories) during the month saw a year-on-year (YoY) drop of 12.76 per cent.

Siam expects November and December to show growth over last year. Automakers in India dispatched 285,027 units of PVs, against 284,223 units a year ago.

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Topics : passenger vehicle sales Auto sales Passenger Vehicles Auto industry utility vehicles Auto sector Economic slowdown festive season sale auto demand

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