Passenger Vehicle sales up by 14.59% in December 2020New Delhi: December 2020 introduced some cheer to the carmakers as the passenger automobile segment posted a double-digit growth of 13.59% at 2,fifty two,998 models in comparison to 2,22,728 models in the similar thirty day period very last yr, according to the numbers shared by Society of Indian Car Companies (SIAM)

It is to be observed that there is the lower foundation result of very last yr as most of the automakers were being making a lot less and decreasing inventory at dealerships to transit to BS-VI norms.

In December, over-all two-wheeler sales rose by 7.forty two% to 11,27,917 models in comparison to 10,fifty,038 models in the yr-back thirty day period.

Segment December Gross sales
2019 2020 %Change
Passenger Motor vehicles (PVs) 2,22,728 2,fifty two,998 13.59.
Three Wheelers 53,795 22,126 -fifty eight.87.
Two Wheelers 10,fifty,038 11,27,917 7.forty two.
Quadricycle Quadricycle 33
Total 13,26,594 fourteen,03,041 five.76.
Resource: Society of Indian Car Companies

SIAM figures showed that the contraction in sales in the course of December was majorly for a few-wheelers which noticed a decrease of fifty eight.87% to 22,126 models.

The over-all sector, excluding industrial cars, registered five.76% growth in wholesale dispatches at 1,403,041 models as in comparison to 1,326,504 models in the similar thirty day period very last yr, as for each the SIAM data.