Passenger vehicle wholesales in India rose significantly year-on-year in July, as Covid-led restrictions eased across states and companies pushed stocks to dealers to build up inventories for the upcoming festive season, SIAM said on Thursday, August 12.
The total passenger vehicle sales, including dispatches of cars, utility vehicles and vans, from OEMs to dealerships increased by 45% to 2,64,442 units in July against 1,82,779 units in the same month last year.
As per latest data by the Society of Indian Automobile Manufacturers, two-wheeler dispatches, however, declined by 2% to 12,53,937 units in July, compared to 12,81,354 units in the year-ago period.