 "automobile")
PV sales snap 11-month slide in October
Passenger vehicle sales in India rose marginally in October aided by positive festive season sentiment and introduction of new models in utility vehicle space, just about managing to snap 11 continuous months of decline in sales, auto industry body SIAM said on Monday. Society of Indian Automobile Manufacturers (SIAM) expressed hope that the positive sentiment would continue in November and December as well, thus helping the industry "slowly come out of the slowdown". According to the latest data by SIAM, passenger vehicle (PV) sales during October increased by 0.28 per cent to 2,85,027 units, from 2,84,223 units in the year-ago period. Passenger vehicle wholesales in India had declined for the 11th consecutive
