Passenger vehicle wholesales rise 9% in India during August: SIAM
Amid strong demand for utility models, industry body the Society of Indian Automobile Manufacturers (SIAM) in its latest report has showed that passenger vehicle wholesales in India rose 9 per cent year-on-year to 3,59,228 units in August 2023 from 3,28,376 units in August 2022.
As per the report, utility vehicle sales increased 34 per cent year-on-year to 1,81,825 units. However, passenger car dispatches declined 10 per cent to 1,20,031 units from 1,33,477 units in August 2022. Van wholesales also dipped 3.08% to 11,859 units from 12,236 units.
The SIAM data report further noted that three-wheeler sales rose 68.79% to 64,763 units in August as against 38,369 units in the same month last year, while two-wheeler dispatches increased 0.59% to 15,66,594 units from 15,57,429 units.
