Two wheeler sales: 14.2% increase in two wheeler sales in India, so many lakh units sold in October

Two wheeler sales : According to data released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday, total two-wheeler sales in the country increased by 14.2 percent to 21.64 lakh units in October this year, while in October 2023 it will be 18.96 lakh units. Was. Sales of passenger vehicles also reached their highest level in October. 3.93 lakh units were sold in this month, which is 0.9 percent more than the sales of 3.9 lakh units in October last year.

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SIAM Director General Rajesh Menon said that “in October 2024, both the major festivals of Dussehra and Diwali fall in the same month, which traditionally generate high consumer demand, thereby impacting the performance of the auto industry. There was a significant increase.”

Passenger vehicles (PVs) recorded highest-ever sales of 3.93 lakh units in October 2024, up 0.9 per cent, although the growth was based on the higher figure of October last year.

This increase was also seen in vehicle registration data, with registrations of both passenger vehicles and two-wheelers increasing by more than 30 percent in October 2024 compared to October 2023. However, sales of three wheelers declined by 0.7 percent compared to October last year and stood at 0.77 lakh units in October 2024. Yet registrations saw an 11 percent increase compared to October last year.