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According to the information revealed by the Society of Indian Automobile Manufacturers (SIAM), the passenger car (PV) phase registered a development of 12.73 per cent at 2,85,367 models as in comparison with 2,53,139 models offered in the identical month final yr.
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Passenger car gross sales went up by 12.73 per cent in November 2020.
Automakers had excessive expectations from the month of November and had been hoping to make up for the misplaced volumes through the nationwide lockdown. And the month of Diwali has finished fairly effectively to the auto business. According to the information revealed by the Society of Indian Automobile Manufacturers (SIAM), the passenger car (PV) phase has recorded a development of 12.73 per cent at 2,85,367 models as in comparison with 2,53,139 models offered in the identical month final yr. However, Month-on-Month (MoM) gross sales declined by 8.03 per cent as automakers had stuffed up inventories final month on anticipation of robust festive season gross sales and contemplating general bookings. Sales of the PV phase in October 2020 stood at 3,10,294 models which was a development of 14.19 per cent as in comparison with 2,71,737 models offered in October final yr.
Also Read: Auto Sales October 2020: Passenger Vehicle Sales Up 14.19 Per Cent Ahead Of Diwali
Sales of passenger automobiles went up by 10.50 per cent at 1,70,418 models in opposition to 1,54,223 models offered in the identical month final yr. Sales of SUVs grew by a great 17.16 per cent at 1,03,525 models as in comparison with 88,361 models whereas the Vans phase noticed a bounce of 8.23 per cent at 11,424 models in opposition to 10,555 models offered a yr in the past. Sales of two-wheelers in the identical month went up by 13.43 per cent at 16,00,379 per cent as in comparison with 14,10,939 models offered in the identical month a yr in the past. That stated, three-wheelers continued to witness the antagonistic affect of the pandemic, recording a drastic decline of 57.64 per cent at 23,626 models as in comparison with 55,778 models offered in the identical month final yr. Sales of three-wheelers have been off the observe because the pandemic as public transport is not functioning but in full capability and other people typically are avoiding shared mobility providers. Overall, the business has recorded a development of 11.02 per cent at 19,09,372 models as in comparison with 17,19,874 models offered a yr in the past.
Also Read: Coronavirus Pandemic Dents Auto Exports; Domestic Sales Get Back On The Growth Trajectory
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In the April – November interval this yr, general gross sales of the PV phase remained subdued, witnessing a decline of 20.57 per cent at 14,76,027 models as in comparison with 18,58,180 models offered in the identical interval final yr. Sales of two-wheelers too had been down by 25.08 per cent at 96,37,871 models as in comparison with 1,28,63,757 models whereas gross sales of three-wheelers had been down by 76.08 per cent at 1,08,475 models as in comparison with 18,58,180 models offered a yr in the past. Overall, gross sales within the April- November interval noticed a decline of 26.05 per cent at 1,12,22,346 models as in comparison with 1,51,76,317 models offered a yr in the past.
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