Car Sales are Down by 5% in October 2017: SIAM

Sales of domestic passenger cars declined by 5.32 per cent in October, as compared to the same period last year, industry data showed.

According to the Society of Indian Automobile Manufacturers (SIAM) data, 184,666 passenger cars were sold in October 2017, down from 195,036 in October 2016.

However, the off-take of other sub-segments of passenger vehicle category such as utility vehicles edged-higher by 12.44 per cent during the month to 79,323 units while sales of vans rose by 4.97 per cent to 15,848 units.

Consequently, the overall domestic passenger vehicle sales slipped by 0.30 per cent in October 2017 to 279,837 units from 280,677 units sold during the corresponding period in 2016.