Auto companies on course to achieve highest monthly output in 2 years
October output for cars and two-wheelers will be higher than it was in September, adding up to six months of sequential growth.
Passenger vehicle output is expected to surge 26% in October, the highest in almost four years, from the same month in 2019. As for two-wheelers, year-on-year growth is seen at 35-40%, the most since 2012.
Mumbai: As the auto industry approaches peak festive season, factories are running overtime to churn out more cars and bikes than they did in about two years. About 330,000-340,000 cars are expected to be produced in October, the highest monthly output since January 2019, when the industry recorded output of 364,000 units, according to people with knowledge of the matter. As for two-wheelers, cumulative production is expected to be around