NEW DELHI, Jan. 22 -- Passenger vehicle and two-wheeler sales in India rose for the fifth straight month in December as automakers moved to replenish dealer inventory after better-thanexpected retail sales during the festive months of October and November.
Sales also received a boost from the low base of the corresponding month last year when companies witnessed a contraction in demand.
Passenger vehicle sales grew 13.5 % from a year earlier in December to 252,998 units, showed data released by the Society of Indian Automobile Manufacturers (Siam) on Thursday, 14 January.
Growing demand for affordable hatchbacks and compact sport-utility vehicles, or SUVs, in rural, semi-urban and some parts of urban India helped drive sales.
Note, auto...