October sales in festive mode: PVs up 21%, M&CVs 23%, LCVs 6.83%, 2W 13%

The festive season has seen a heartening swing towards an upsurge in sales of passenger cars and scooters during the month of October 2015 with a growth of 21.80 percent and 36.80 percent respectively witnessed by the two segments with passenger vehicles growing at an overall 21.46 percent growth rate according to the latest SIAM data for the month.

The last couple of months have seen a recovery as per the industry sales numbers and SIAM is optimistic of the industry ending this financial year with a high single digit growth.

Sugato Sen, deputy director general of SIAM, ...