Commenting on November sales, Mr Vinod Aggarwal, President, SIAM said, “Positive consumer and business sentiments has reflected in the better sales in the month of November 2022, compared to the previous year. We note a sequential decline over October 2022 attributable to seasonality and softness in key export markets.”
Commenting on Industry performance in November 2022, Mr Rajesh Menon, Director General, SIAM said, “Passenger vehicles posted highest ever sales in FY 2022-23 till November, while the Three-Wheelers are still lower than 2010-11 and Two-Wheelers are less than 2016-17. Higher interest rates and increase in long term insurance premium, continues to be a concern for the consumers.”