Indian car sales rise 45.9% in October
Domestic sales recorded a growth of 45.9% in October 2010 as against 21.6% growth in September 2010. According to SIAM, the main issues that the automobile industry is facing is the availability of parts due to a price rise in raw materials.
Over the period April to October, the Passenger Vehicles segment grew at 33.7% over same period last year. Passenger Cars grew by 34.3%, Utility Vehicles grew by 21.9% and Multi Purpose Vehicles grew by 50.5%.
The overall Commercial Vehicles segment registered growth of 37.8% during April-October 2010 as compared to the same period last year. Medium & Heavy Commercial Vehicles registered growth of 53.2% and Light Commercial Vehicles grew at 26.3%.