Car wholesales rose 12.4% to 528,384 units in October on festival demand

Business Standard · Deepak Patel ·

Domestic passenger vehicle wholesales rose to 528,384 units in October, supported by festive demand, GST cuts, income-tax relief and comparatively lower interest rates

Domestic passenger vehicle wholesales rose to 528,384 units in October, supported by festive demand, GST cuts, income-tax relief and comparatively lower interest rates

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Despatches of passenger vehicles (PVs) in India from manufacturers to dealers in October increased 12.4 per cent year-on-year (Y-o-Y) to 528,384 units, supported by strong festival demand, cuts in rates of goods and services tax (GST) last year, income-tax relief, and comparatively low interest rates.

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