Passenger vehicle wholesales in India decline 2.3% in July 2024: SIAM
The Society of Indian Automobile Manufacturers (SIAM) in its latest report on auto sales in the month of July, has said that passenger vehicle (PV) wholesales in India declined 2.5 per cent year-on-year to 3,41,510 units in July 2024, impacted by high base effect as well as companies reducing vehicle dispatches to dealers amid moderation in demand. It said the overall PV dispatches from companies to dealers stood at 3,50,355 units in July 2023,
As per the data, Utility vehicles continued to drive sales of PVs, clocking 1,88,217 units in July 2024, as against 1,80,831 units in July 2023, a growth of 4.1 per cent. However, passenger cars recorded a drop of 12 per cent at 96,652 units in July 2024, as against 1,09,859 units in the same month last year.
It further stated that two-wheeler wholesales grew by 12.5 per cent to 14,41,694 units in July 2024, as compared to 12,82,054 units in July 2023. Three-wheeler wholesales also rose 5.1 per cent to 59,073 units in July 2024, from 56,204 units in July last year. Motorcycles wholesales were up 4.1 per cent at 8,50,489 units in July 2024, as against 8,17,206 units in the year-ago month. Scooters sales were up 29.2 per cent at 5,53,642 units July 2024, as against 4,28,640 units in the year-ago period.
