India, Nov. 11 -- Car manufacturers had much to cheer about this festive season and a confirmation of this came on Friday with data released by Society of Indian Automobile Manufacturers (SIAM) highlighting a 29 per cent jump in wholesales in the month of October.

SIAM data particularly highlighted the positive trend among passenger vehicle manufacturers with dispatches to dealers standing at a little over 2.91 lakh units, up from around 2.26 lakh units in October of 2021. Pent-up demand from previous months when the issue of semiconductor issue had posed a big challenge may be one of several factors powering the performance of PVs last month. But there have also been other factors at play. ""Good market sentiments coupled with festive b...