Base effect along with low interest rates and pent-up demand accelerated domestic passenger vehicle sales in January on a year-on-year basis.However, the sales momentum slowed on sequential basis.Sale of passenger vehicles increased by 11.14 .
According to data available with industry body Society of Indian Automobile Manufacturers (SIAM), as many as 276,554 passenger vehicles were sold last month, which is an increase of 11.14% over 248,840 units sold in the year-ago period.
New Delhi [India], February 11 (ANI): Passenger vehicle sales rose by 11 per cent to 2.76 lakh units in January from 2.48 lakh units in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.
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