Driven by festive season, passenger vehicle sales see slight recovery in October

Domestic passenger vehicle sales witnessed a marginal increase of 0.28 percent to 285,027 units in October from 284,223 units in the same month last year, according to data released by the Society of Indian Automobile Manufacturers (Siam).

Domestic car sales went down 6.34 percent, from 185,400 to 173,649 units in October year-on-year, while three-wheelers sales slid 3.6 percent, down from 87,067 to 66,985 units YoY. Two-wheeler sales also declined, going down from 2,053,497 to 1,757,264 units for a fall of 14.43 percent YoY.

Auto sector in the country has been grappling with a continuing slowdown in the economy, severely impacting sales. October was expected to provide some respite owing to steep festive season discounts offered by automakers.