Today: 8 October 2025
14 January 2021
1 min read

Passenger vehicle sales jump 13.6% in December

A total of 2.53 lakh passenger vehicles were sold last month compared to over 2.22 lakh units during the same period of 2019…reports Asian Lite News

Sale of passenger vehicles increased by 13.59 per cent in December 2020, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Thursday.

A total of 2.53 lakh passenger vehicles were sold last month compared to over 2.22 lakh units during the same period of 2019.

Two-wheeler sales also improved 7.42 per cent on a year-on-year basis to 11.28 lakh units during the period under review.

However, the demand for three-wheelers is yet to revive and sales in December plunged nearly 59 per cent to 22,126 units, showed the SIAM data.

SIAM Director General Rajesh Menon said: “In the month of December 2020, the auto industry witnessed higher sales of passenger vehicles by 13.59 per cent and two wheelers by 7.42 per cent over a very low base of 2019.”

SIAM President Kenichi Ayukawa noted that the Indian automobile industry appreciates the efforts of the government to balance safety of people and revival of economy from the negative effects of the pandemic.

“Initiatives such as the announcement of PLI scheme, keeping interest rates very low, targeted spending in rural areas and continued focus on building road infrastructure, will help in our recovery process,” he said.

Also read:Qualcomm acquires chip design startup Nuvia

Previous Story

Stars Extend Pongal Wishes To Fans

Next Story

Haryana flags off air taxi service

Latest from Business

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s

Gold Shines Bright Amid Global Jitters

Gold and silver continued their bullish run on Monday, scaling new highs amid mounting global uncertainties, heightened geopolitical tensions, and growing expectations of a US Federal Reserve rate cut. According to the

ADNOC signs 15-year LNG deal with Indian Oil

Under the deal, LNG cargoes can be delivered to any port across India, enhancing the country’s energy security and meeting its rising energy demand. Abu Dhabi National Oil Company (ADNOC) has signed

India Inc Eyes Upswing

Private equity (PE) remained comparatively stable in Q2, clocking 357 deals worth $7.4 billion — the second-highest volume since Q4 2022. However, deal values dipped on a quarter-on-quarter basis due to the
Go toTop