News > SIAM motor vehicle data october-2022

SIAM motor vehicle data october-2022

11/11/2022 11:13 PM | Click to read full article

Commenting on October sales, Mr. Vinod Aggarwal, President of, SIAM said, “Good market sentiments coupled with a festive boost, resulted in higher sales in October, especially for Passenger Vehicles. Higher inflation and rising interest rates have impacted the rural market more, thereby returning marginal growth of the Two-Wheeler segment. Passenger Three-Wheelers is seeing better off-take due to increased shared mobility in semi-urban and urban areas.”