New Delhi, Nov 13
Total two-wheeler sales in the country surged by a robust 14.2 per cent to 21.64 lakh units in October this year, compared to 18.96 lakh units in October 2023, according to figures released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday.
Passenger vehicle sales, including cars and SUVs, also increased to their highest ever monthly level of 3.93 lakh units in October which represents a 0.9 per cent rise over a high base figure of 3.9 lakh units for October 2023.
Rajesh Menon, Director General, SIAM said that “October 2024 saw two major festivals Dussehra and Diwali, both occurring in the same month, which traditionally drive higher consumer demand providing a significant boost to the auto industry’s performance”.
Passenger vehicles (PVs) posted its highest ever sales of October in 2024 of 3.93 Lakh units, with a growth of 0.9 per cent, albeit on a high base of last October.
This high growth was also reflected in the Vahan vehicle registration data, wherein more than 30 per cent growth in registration was witnessed for both passenger vehicles and two-wheelers in October 2024, compared to October 2023.
However, three-wheelers marginally de-grew by 0.7 per cent compared to October of previous year, with sales of 0.77 lakh units in October 2024, although there was growth of 11 per cent in registration, compared to last October, according to Menon.