MUMBAI (NewsRise) -- Passenger vehicles sales in India recorded the 11th straight month of decline in September, but the beginning of the annual festival season raises hopes of a recovery in demand.
Sales of passenger vehicles plunged 24% to 223,317 units last month, the Society of Indian Automobile Manufacturers, or SIAM, said in a statement on Friday. Cars witnessed a more than 33% slump to 131,281 units, but sport-utility vehicles reversed the declining course to report a 5.5% increase. SIAM's automobile sales are counted as factory dispatches and not retail sales.
