Passenger car sales in the country soared by 36.7 per cent in November, continuing the momentum gained in the festive season and benefitting from a low base in the same month last year.
According to the Society of Indian Automobile Manufacturers, domestic passenger car sales jumped by 36.7 per cent to 1,13,687 units in November, the eighth consecutive month of growth, compared to 83,121 units in the same month last year.
"It is due to the low base. Last year, November sales were very low and this year we had expected a good jump and this has happened," SIAM senior director Sugato Sen said on the the high growth of auto sales in November.
Domestic passenger car sales had registered a healthy 34 per cent jump in October on festive demand.
He added that many of the passenger car makers are likely to introduce new models starting January next year which would boost the sector.
Sen said because of robust sales growth recorded by the companies in the past few months, SIAM is likely to revive its sales forecast for this fiscal soon.
Motorcycle sales were up by 42.4 per cent at 6,14,274 units in November compared to 4,31,171 units in the same month a year ago.
The sale of commercial vehicles almost doubled to 40,874 units in the last month compared to 20,631 units in the corresponding period last year, SIAM said.
