PV sales set to cross 10L mark in festive period

New Delhi Domestic passenger vehicle sales are expected to cross 10 lakh mark in the festive period this year with demand remaining robust, especially for utility vehicles.

The 68-day festive period this year falls between August 17 and November 14. Few days in between are not considered auspicious for buying. In an interaction with, Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava said that usually the festive season sales account for around 22-26 per cent of the overall sales during a year. "With the overall passenger vehicle sales expected to be in the range of 40 lakh units this fiscal, the festive season is expected to witness sales of around 1 million units," he said. Srivastava said the industry has witnessed strong sales this year and the same is expected to continue in the coming months as well. "We have seen the best ever April, May, June and July in terms of sales this fiscal. July witnessed the second highest sales ever in a month at around 3.52 lakh units. August is also expected to be in the range of 3.5 lakh units," Srivastava said. Demand parameters continue to be robust and the only two issues which need to be kept a close vigil on is the way monsoon performs between August and September, he stated.