Festive demand, GST rate cut lead to best-ever October dispatches for PVs, 2-wheelers: SIAM

Robust festive demand aided by price cuts owing to GST rate rejig led to record passenger vehicle, two and three-wheeler dispatches from companies to dealers in October, industry body SIAM said on Friday.

- Agencies

Total passenger vehicle wholesales in October rose to 4,60,739 units, an increase of 17 per cent compared with 3,93,238 units in October last year. Similarly, two-wheeler sales rose to 22,10,727 units during the month, an increase of 2 per cent against 21,64,276 units in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said in a statement.