Passenger vehicle sales rise 13.6% in December

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New Delhi: Passenger vehicle sales rise 13.6% in December. The sale of passenger vehicles increased by 13.59 percent in December 2020, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Thursday.

A total of 2.53 lakh passenger vehicles were sold last month compared to over 2.22 lakh units during the same period of 2019.

Two-wheeler sales also improved 7.42 percent on a year-on-year basis to 11.28 lakh units during the period under review.

However, the demand for three-wheelers is yet to revive and sales in December plunged nearly 59 per cent to 22,126 units, showed the SIAM data.

SIAM Director General Rajesh Menon said: “In the month of December 2020, the auto industry witnessed higher sales of passenger vehicles by 13.59 percent and two-wheelers by 7.42 percent over a very low base of 2019.”

SIAM President Kenichi Ayukawa noted that the Indian automobile industry appreciates the efforts of the government to balance the safety of people and the revival of the economy from the negative effects of the pandemic.

“Initiatives such as the announcement of PLI scheme, keeping interest rates very low, targeted spending in rural areas, and continued focus on building road infrastructure, will help in our recovery process,” he said.

–IANS

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