Pent-up demand drives car gross sales in August


New Delhi, September 11

Passenger car wholesales in India rose by 14.16% in August to 2,15,916 models pushed by pent-up demand, trade physique SIAM mentioned on Friday.

In optimistic zone

  • According to the newest information by the Society of Indian Automobile Manufacturers, gross sales rose to 2,15,916 models in opposition to 1,89,129 models in the identical month final yr

  • It was in October final yr that the section had posted a marginal development snapping 11 steady months of decline in gross sales

  • Passenger automobile gross sales final month stood at 1,24,715 models as in contrast with 1,09,277 models

According to the newest information by the Society of Indian Automobile Manufacturers (SIAM), passenger automobiles wholesales stood at 1,89,129 models in the identical month final yr.

Passenger car gross sales have returned to optimistic territory in August after 9 consecutive months of decline. It was in October final yr that the section had posted a marginal development snapping 11 steady months of decline in gross sales.

Passenger automobile gross sales final month stood at 1,24,715 models as in contrast with 1,09,277 models, up 14.13%. Similarly, utility car gross sales elevated by 15.54% to 81,842 models final month as in opposition to 70,837 models a yr in the past. — PTI



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