Passenger Vehicle Sales Witness 13.59 Per Cent Increment In

Passenger Vehicle Sales Witness 13.59 Per Cent Increment In December 2020


Passenger Vehicle Sales Witness 13.59 Per Cent Increment In December 2020
About 252,998 passenger vehicles were sold in December 2020, witnessing a double-digit growth of 13.59 per cent as against 222,728 units sold in December 2019, according to the data shared by SIAM.
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After a challenging year, the high sales in December was the silver lining of 2020 for OEMs
Highlights
Two-wheeler sales in December grew by 7.42% with 11,27,917 units sold
The PV sector grew by 5.76% last month with 14,03,041 units sold
Recovering from a difficult year on many front, the Indian passenger vehicle segment saw a silver lining as it concluded the year on a high. The sector saw 252,998 units were sold in December 2020, witnessing a double-digit growth of 13.59 per cent as against 222,728 units sold in December 2019, according to the data shared by the Society of Indian Automobile Manufacturers (SIAM). It is to be noted that the sales were already at a low in December 2019 with less production and reduced inventory as manufacturers were in the process of transitioning to BS6 emission regulations.

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