Domestic passenger vehicle wholesales rise around 4% in November 2023: SIAM
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Industry body, the Society of Indian Automobile Manufacturers (SIAM) in its latest report has showed that domestic passenger vehicle wholesales rose by around 4 per cent year-on-year to 3,34,130 units in November 2023 from 3,22,268 units in same month last year, on the back of robust demand for utility vehicles.
According to the report, two-wheeler sales rose to 16,23,399 units in November 2023, a growth of 31 per cent as compared to 12,36,282 units in November 2022, while three-wheeler dispatches also rose to 59,738 units in November 2023, registering an increase of 31 per cent over 45,664 units in last November.
Meanwhile, SIAM President Vinod Aggarwal said that all segments of the automobile industry witnessed robust growth during the festival season which ended in the first part of November, adding that the automobile industry is optimistic in ending the year 2023 on a high note and expects the trend to continue into 2024, supported by strong economic growth.
