PV sales dip in November

New Delhi: Domestic passenger vehicle sales declined in November, the fourth monthly decline since July, as spike in interest rates and high fuel prices crimped consumer demand. According to the data released by Siam, passenger vehicle ( PV) sales in November stood at 2,66,000 units as against 2,75,440 units in the year- ago month, down 3.43 per cent. PV sales had risen 1.55 per cent in October, snapping three months of consecutive decline. In July, August and September PV sales have declined by 2.71 per cent, 2.46 per cent and 5.61 per cent, respectively.