Passenger Vehicles Sales Up After 11 Months In October 2019

The Diwali month has given some relief to automakers after the prolonged slowdown the industry has been through. Passenger Vehicles sales ha...

The Diwali month has given some relief to automakers after the prolonged slowdown the industry has been through. Passenger Vehicles sales have gone up, though almost flat (0.28 per cent), after a 11 months at 285,027 units as compared to 284,223 units sold a year ago. The growth was largely driven by the Utility Vehicle (UV) segment which grew by 22.22 per cent at 100,725 units as compared to 82,413 units in the same month last year. In fact, popular SUVs like Maruti Suzuki Vitara Brezza and Hyundai Creta were under heavy discounts which have a fillip to the volumes. In the same month, sales of passenger cars went down by 6.34 per cent at 173,649 units as compared to 185,400 units a year ago while the Vans segment witnessed a slump of 35.08 per cent at 10,653 units as compared to 16,410 units a year ago.

Apart from the festive season boost, Rajan Wadhera, President- Society of Indian Automobile Manufacturers (SIAM) mentioned that new launches in the market have also helped revive sales.

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