According to industry reports, car sales grew rapidly in November and this is indeed heartening for the domestic automobile industry at large.
Indian customers have definitely splurged on cars throughout the festive period between October and November. The demand and craze for cars is back and automobile companies are reaping the harvests of a fruitful period. The sales figures for November are a case in point and growth volumes have been a whopping 10.4% which hints at a rosy future for the auto industry.
Sales of domestic passenger cars went up by 10.039% to stand at 1, 73, 111 vehicles in the month of November as compared to 1, 56, 811 cars in the same month last year. Sales of motorbikes went up by 1.58% in comparison and stood at around 8, 66, 705 units last month as compared to 8, 53, 257 units in November 2014. These figures were recently released by SIAM (Society of Indian Automobile Manufacturers).
Two wheeler sales collectively went up by 1.47% in November this year and stood at 13, 20, 561 units in comparison to last November’s tally of 13, 01, 434 units. Commercial vehicle sales went up by 8.56% in November and the final count stood at 51, 766 units which was heartening for the industry. Sales of vehicles across multiple categories saw an increase by 3.18% to approximately 16, 54, 226 units in comparison to 16, 03, 312 units in November last year.
Experts and car makers expect this trend to continue as Indian customers go all out to purchase their dream new and used cars alike.