TL;DR
Indian auto sales witnessed strong growth in October for both cars and two-wheelers, driven by the festive season and GST cuts, maintaining momentum into November.
The Indian automotive sector experienced a robust uplift in sales during October, driven by the festive season and recent GST reductions. This surge pushed both car and two-wheeler sales to record high volumes for the month.
According to data from the Society of Indian Automobile Manufacturers (SIAM), domestic passenger car sales saw a significant jump from 98,400 units in September to 116,000 units in October. This positive trend continued into November, with sales reaching 113,000 units, indicating sustained market momentum. Similarly, two-wheeler demand soared to 2.21 million units in October.
While both segments observed a moderate slowdown in November post-festive season, the overall performance reflects a strong consumer sentiment and the positive impact of economic factors. This sales uptick is a promising indicator for the Indian auto industry as it approaches the end of the year.
