Over 24 lakh new vehicles sold in October 2018: Car sales grow marginally

Over 24 lakh new vehicles sold in October 2018: Car sales grow marginally

The festive month of October 2018 saw the sales of cars, bikes, trucks, buses and two-wheeler sales going up by 11.6% as the Indian automobile industry sold a total of 2,494,426 units last month as compared to 2,162,869 units sold in October 2017. However, Indian two-wheeler industry registered a growth of 17.23% with over 20 lakh two-wheelers sold in the month of October, as per data released by Society of Indian Automobile Manufacturers (SIAM). In April-October 2018, overall automobile exports grew by 24.10%. Vishnu Mathur, Director General, SIAM attributed the slow growth to increase in insurance, high fuel prices and decline in stock market. 

Read More at The Financial Express News date : 9 Nov 2018, Friday

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