Domestic passenger vehicle wholesales rise 2.57% in July: SIAM

SIAM Auto Sales: As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 3,41,370 units in July 2022.

Total vehicle dispatches across categories were at 16,40,727 units, as compared to 17,06,545 units in July 2022, SIAM said. Pic: Reuters

SIAM Auto Sales: Domestic passenger vehicles wholesales registered a 2.57 per cent year-on-year increase in July at 3,50,149 units, the Society of Indian Automobile Manufacturers said on Thursday. As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 3,41,370 units in July 2022.

Two-wheeler domestic wholesales were down at 12,82,054 units last month, as against 13,81,303 units in July 2022.

Three-wheeler wholesales were higher at 56,034 units, as compared to 31,324 units in the year-ago month.

TRENDING NOW

Total vehicle dispatches across categories were at 16,40,727 units, as compared to 17,06,545 units in July 2022, SIAM said.

Also Read: Mercedes-Benz drives in new SUV GLC in India; eyes double-digit sales growth this year

"Though the passenger vehicle and three-wheeler segments are performing well, there has been a de-growth of two-wheelers in July 2023, compared to July 2022.

"Overall, we expect that the positive economic environment, good monsoons, and upcoming festive season will support continued growth in the auto industry," SIAM President Vinod Aggarwal SIAM said.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.

TAGS:

Automobile SIAM