Record sales of three-wheelers in October, sales of two-wheelers increased by 20 percent. Loktej Business News
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New Delhi, 10 November (Hindustan Reporter). Passenger vehicle sales reached a record level in October thanks to strong demand during the festive season. Retail sales in October jumped 16 percent year-on-year to 3,89,714 units. Total sales of two-wheelers increased by 20 percent to 18,95,799 units.
Vehicle manufacturers’ organization Society of Indian Automobile Manufacturers (SIAM) said in a statement issued on Friday that retail sales in October jumped 16 percent year-on-year to 3,89,714 units, compared to 3,36,330 units in October last year. Was. A maximum of 76,940 three-wheelers were supplied during this period, whereas last year 54,154 units were supplied. Thus this is 42 percent more than the number. Similarly, total sales of two-wheelers increased by 20 percent to 18,95,799 units, which was 15,78,383 units in the same period last year.
SIAM President Vinod Aggarwal said both passenger and three-wheeler vehicles have recorded the highest ever sales in October. The two-wheeler segment also recorded good sales in the month of October, 2023. He said all three segments have registered double digit growth. Aggarwal said that this has been possible due to the favorable policies of the government and the festive season. This growth momentum is encouraging for the industry.
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