Domestic passenger vehicle sales rise 4% in May to 347,492 units: SIAM
Passenger vehicle wholesales in India grew by 4% year-on-year in May to 347,492 units, while overall dispatches reached 334,537 units.
Passenger vehicle wholesales in India increased by 4 percent year-on-year in May to 347,492 units, compared to the same month last year, according to industry body SIAM on Tuesday.
Overall passenger vehicle (PV) dispatches from companies to dealers totaled 334,537 units in May 2023. "Passenger vehicles have only witnessed moderate growth, primarily due to the high base effect of the previous year," stated Vinod Aggarwal, President of the Society of Indian Automobile Manufacturers (SIAM).
Two-wheeler sales rose by 10 percent to 1,620,084 units last month, compared to 1,471,550 units in the same period the previous year. Three-wheeler dispatches increased by 15 percent to 55,763 units in May, up from 48,610 units in May 2023.
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