YoY passenger vehicle sales rose over 4% in Nov

New Delhi, Dec 11 (IANS) The festive season boost along with pent-up demand accelerated domestic passenger vehicle sales in November on a year-on-year basis. However, the sales momentum slowed on sequential basis.According to industry data released on Friday, passenger vehicle sales rose by 4.65 per cent in November on a YoY basis. The category includes sub-segments of cars, utility vehicles and vans.Accordingly, 2,64,898 passenger vehicles were sold in the domestic market from an off-take of 2,53,139 units sold during the like period of 2019.The data released by the Society of Indian Automobile Manufacturers (SIAM) showed a sequential growth in sales during October.In October, a total of 3,10,294 passenger vehicles were sold in the domestic market.
--IANS rv/sn/arm