According to the latest data by
Scooter sales were also up by 9.29 per cent at 5,02,561 units from 4,59,851 units in the same month last year.
Three-wheeler sales, however, declined by 57.64 per cent to 23,626 units last month as against 55,778 units in November 2019.
"We have witnessed an increase in wholesale numbers in the month of November, where passenger vehicles grew by 12.73 per cent and two-wheelers by 13.43 per cent over the corresponding month of last year, primarily on account of the festive season," SIAM Director General Rajesh Menon said.
The retail sales of two-wheelers lag behind the wholesale sales numbers but would even out over a period, as original equipment manufacturers (OEMs) engage with their dealers, he added.
"While the festive season brought back some fervor in specific segments, the overall economic scenario would determine the industry's performance going forward," Menon noted.
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