>Two wheeler(First Global)

Data released by the Society of Indian Automobile Manufacturers (SIAM) for
the month of October 2008 shows that the combined two wheeler and three
wheeler industry volumes declined significantly by 10% Y-o-Y for the first
time in FY09
􀂉 Despite the festival period falling in the month of October 2008, sales at the
companies’ end plunged sharply due to a huge pile up of inventory of the
previous month at the dealer network, though retail sales recorded an
increase

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