Passenger vehicle dispatches to dealers rise 4% in November: SIAM
Society of Indian Automobile Manufacturers (SIAM) has said that passenger vehicle dispatches from companies to dealerships rose 4 per cent year on year to 3,47,522 units in November 2024 with demand momentum sustaining post festive period in October. The overall passenger vehicle dispatches stood at 3,33,833 units in November last year.
SIAM said two-wheeler wholesales, however, declined by 1 per cent year on year to 16,04,749 units in November 2024 as compared with 16,23,399 units in the same month last year. Scooter sales rose 12 per cent year on year to 5,68,580 units in November 2024 while bike dispatches fell 7.5 per cent to 9,90,246 units. Moped wholesales rose 6 per cent year on year to 45,923 units in November 2024 as compared with 43,482 units in November 2023. Total three-wheeler dispatches also witnessed a 1 per cent year on year dip to 59,350 units in November.
SIAM Director General Rajesh Menon said the demand momentum which was seen in October during the festive period has continued in November for the industry as a whole, although two-wheeler and three-wheeler segments witnessed minor de-growth in November 2024. Passenger vehicles posted their highest ever sales of November in 2024 of 3.48 lakh units, with a growth of 4.1 per cent as compared to November 2023.
