SME Times News Bureau | 10 Dec, 2012
India's automobile industry, in a slump due to high fuel and interest costs, saw a further dip in passenger car sales year-on-year in November that went 8.25 percent down on negative consumer sentiment.
Car sales in the month under review stood 1,58,257 units from 1,72,493 units sold in the corresponding month of last year, the Society of Indian Automobile Manufacturers (SIAM) said Monday.
According to SIAM, sales of commercial vehicles last month declined 7.31 percent to 61,410 units from 66,254 units sold in November 2011.
Two-wheeler sales during the period inched higher by 1.23 percent at 1,175,429 units from 1,161,176 sold in November 2011.
Motorcycle sales in the month under review were marginally up at 8,67,518 units from 8,67,088 units sold in the corresponding period of 2011.
Scooter sales during last month zoomed 6.64 percent at 2,44,392 units from 2,29,173 units sold in October 2011.
Three-wheeler segment sales were up by 20.67 percent at 51,670 units from 42,821 units in the month under review.
Total vehicles sales last month stood at 1,515,600 units, up 1.79 percent from 1,488,894 units sold in the like period of 2011-12.