<p>New Delhi: Passenger vehicle wholesales surged to a record high in October riding on robust festive season demand, auto industry body SIAM said on Friday.</p>.<p>The overall passenger vehicle dispatches to dealers last month rose 16 per cent year on year to 3,89,714 units as compared to 3,36,330 units in October 2022.</p>.<p>Similarly, the three-wheeler segment also witnessed the highest ever monthly dispatches in October at 76,940 units, a growth of 42 per cent over 54,154 units in the year-ago period.</p>.India sees brisk gold sales on pre-Diwali Dhanteras festival.<p>"Both passenger vehicles and three-wheelers have posted the highest ever sales of October, while the two-wheeler segment has also posted good sales in the month of October 2023," Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said.</p>.<p>All the three segments have posted double-digit growth and this growth momentum is encouraging for the industry which has been enabled by sustained conducive policies of the government and the ongoing festive season, he added.</p>.<p>Total two-wheeler sales rose to 18,95,799 units in October, a 20 per cent increase from 15,78,383 units in the same month last year. </p>
<p>New Delhi: Passenger vehicle wholesales surged to a record high in October riding on robust festive season demand, auto industry body SIAM said on Friday.</p>.<p>The overall passenger vehicle dispatches to dealers last month rose 16 per cent year on year to 3,89,714 units as compared to 3,36,330 units in October 2022.</p>.<p>Similarly, the three-wheeler segment also witnessed the highest ever monthly dispatches in October at 76,940 units, a growth of 42 per cent over 54,154 units in the year-ago period.</p>.India sees brisk gold sales on pre-Diwali Dhanteras festival.<p>"Both passenger vehicles and three-wheelers have posted the highest ever sales of October, while the two-wheeler segment has also posted good sales in the month of October 2023," Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said.</p>.<p>All the three segments have posted double-digit growth and this growth momentum is encouraging for the industry which has been enabled by sustained conducive policies of the government and the ongoing festive season, he added.</p>.<p>Total two-wheeler sales rose to 18,95,799 units in October, a 20 per cent increase from 15,78,383 units in the same month last year. </p>