Growth of Auto sales soars at 17.81 pc in November month

The pace of vehicle sales in India soars down in the month of November. This has happened at a stretch of 4 months of record. The growth based on yearly basis registered 17.81% as against 45.93 % of growth registered in the previous month of October. 
 
According to Society of Indian Automobile Manufacturers (the apex Industry body representing 44 leading vehicle and vehicular engine manufacturers in India) the total number of vehicles sold in the country stood at 12, 21,981 units in November this year as against 10, 37,232 units in the same month last year.
 
SIAM Senior Director Sugato Sen told reporters"The automobiles sales growth in November was slower than September and October, and the actual volume was also lower". He further adds “The main reason for this was that the build up to the festive season that gave additional volumes has tapered off,".

As stated by Sen, the industry body expects even lower sales in December as compared to November. On the other hand the sales of domestic passenger car jumped by 20.

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