After festive cheer, passenger vehicle sales hit the slow lane in November

Domestic passenger vehicle sales fell 0.84 per cent year-on-year (YoY) to 264,000 units in November, according to the data released by industry body Society of Indian Automobile Manufacturers

Sales of passenger vehicles resumed their declining trend in November after a blip in the preceding month, indicating automakers are yet to recover from the worst auto slowdown in India in more than a decade. 

Domestic passenger vehicle sales fell 0.84 per cent year-on-year (YoY) to 264,000 units in November, according to the data released by Society of Indian Automobile Manufacturers. 

While car sales were down 11 per cent over last year to 160,000 units, utility vehicle sales rose 32.7 per cent to 92,739 units.

Shares of eight auto companies fell 0.3 per cent to 1.06 per cent after Siam unveiled the auto