Total three-wheeler sales rose 8 percent to 69,962 units last month, up from 64,944 units a year earlier. Representative image
Domestic passenger vehicle wholesale sales fell about 2 percent year-on-year in August as companies cut shipments to reduce inventory at dealerships amid a slump in demand.
According to data issued by industry body Society of Indian Automobile Manufacturers (SIAM), total dispatches of passenger vehicles in the domestic market stood at 3,52,921 units last month as compared to 3,59,228 vehicles in August 2023, a decline of 1.8 per cent.
Wholesale sales of two-wheelers rose 9 per cent to 1,711,662 units last month, from 1,566,594 units in the same period last year, it added.
Scooter dispatches last month increased to 6,06,250 units from 5,49,290 units in August 2023, a growth of 10 per cent.
Similarly, motorcycle dispatches from companies to dealers increased 8 per cent to 1,060,866 units last month from 9,80,809 units in August 2023.
Total three-wheeler sales grew 8 per cent to 69,962 units last month, up from 64,944 units a year ago.
“Looking ahead, as the country enters the festive season, demand for vehicles is expected to grow, which will also be boosted by the recent announcements of PM E-DRIVE and PM-eBus Sewa schemes by the Government of India,” said SIAM Managing Director Rajesh Menon.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First published: September 13, 2024 | 14:49 IS
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