Domestic passenger vehicles wholesales grow 2.94% in July 2023: SIAM
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The Society of Indian Automobile Manufacturers (SIAM) in its latest report has showed that domestic passenger vehicles wholesales registered a 2.94 per cent year-on-year growth at 3,02,521 units in the month of July 2023, as against 2,93,865 units in July 2022.
According to the report, two-wheeler domestic wholesales declined 7.18 per cent at 12,82,054 units in July 2023 as against 13,81,303 units in July 2022 while three-wheeler wholesales zoomed 78.88 per cent at 56,034 units during July 2023 as compared to 31,324 units in the year-ago month.
The report further noted that total vehicle dispatches across categories were at 16,40,727 units in July 2023 as compared to 17,06,545 units in July 2022. Besides, SIAM President Vinod Aggarwal said ‘Overall, we expect that the positive economic environment, good monsoons, and upcoming festive season will support continued growth in the auto industry.’
