Passenger vehicle sales in India hit 55-month high in October
Riding on festive demand and other market moving parameters, 280,677 PVs went home to new owners last month, scaling a new high since March 2012.
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The festive season brought about plenty of reasons to cheer for the Indian automotive industry with the passenger vehicle industry clocking its highest monthly sales since March 2012 (292,118 units).
Lifting of the diesel ban in Delhi-NCR, festive season demand and the better-than-expected monsoon across the country gave a fillip to overall numbers. The stronger festive demand has come on the back of the payouts of the Seventh Pay Commission, a marked improvement in consumer buying trends from rural India, following a good monsoon season, new models and a high level of discounting on older models.
According to ...
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