More reports on: Cars
Car sales bounced back in November, but December sales to be weak news
08 December 2011

Domestic passenger car sales saw an upturn in November after four consecutive months of contraction, rising by 7 per cent on the back of a marginal revival in demand, coupled with a low base.

Domestic car sales stood at 1,71,131 units in November, as against 1,59,939 units in the same month last year, data released by the Society of Indian Automobile Manufacturers (SIAM) today show.

"Domestic car sales have bounced back as the base in November last year was low. Also, we have seen some revival of demand in the last month," SIAM senior director Sugato Sen said in New Delhi.

However, sales in December are likely to be lower than in November, he said.

The industry is likely to see a downward revision of the passenger car sales growth forecast for 2011-12 for the third time this fiscal in January due to sluggish demand over the last few months.

According to SIAM, the passenger car segment may not even see single-digit growth in the current fiscal.





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Car sales bounced back in November, but December sales to be weak