Domestic Passenger Vehicles Wholesales Increase by 1.87% in September

New Delhi: Passenger vehicle  wholesales in India increased by1.87 per cent year-on-year to3,61,717 units last month,industry body SIAM said onMonday. The passenger vehicledispatches to dealers stood at3,55,043 units in September 2022.Similarly, two-wheeler salesincreased to 17,49,794 units lastmonth from 17,35,199 units in the
year-ago period, the Society ofIndian Automobile Manufacturers(SIAM) said.Total three-wheeler wholesales
rose to 74,418 units last monthfrom 50,626 units in September2022. Total dispatches last monthwere up at 21,41,208 units from20,93,286 units in September2022.In the September quarter,overall sales rose to 61,16,091
units from 60,52,739 units in thesecond quarter of 2022-23.Passenger vehicle dispatches rosemarginally to 10,74,189 units inthe second quarter from10,26,309 units in the July-September period of last fiscal.
Commercial vehicles dispatchesrose to 2,47,929 units from2,31,991 units in the year-agoperiod. Total three-wheeler
wholesales rose to 1,95,215 unitsin the second quarter as comparedwith 1,20,319 units in the same
period last fiscal.Total two-wheeler dispatcheshowever declined to 45,98,442units in July-September 2023 as
against 46,73,931 units in theyear-ago period.SIAM President VinodAggarwal said passenger vehicles,
three-wheelers, and commercialvehicle segments continued towitness growth in the secondquarter of 2023-24, although twowheelerwholesale numbersposted a marginal de-growth,compared to the same period of
last year.”As we get into the festivalseason, all segments of theindustry are optimistic and looktowards posting good numbers inQ3 as well,” he added. Thisgrowth in the automobile sectorscan be attributed to the all-roundeconomic growth of the country,which is also enabled throughconducive government policies,Aggarwal said.

About Post Author