Passenger vehicle (PV) wholesales in India witnessed a 3.86% fall to 1,82,779 units in July, according to data from the Society of Indian Automobile Manufacturers (SIAM).

The wholesale figure had stood at 1,90,115 units in the corresponding month of the previous year.

The July PV sales are significantly better than June when the despatches had declined by 49.59% at 1,05,617 units as against 2,09,522 units in the same month last year, SIAM stated. The figures instilled some confidence in the industry, it added.

According to the latest data, two-wheeler sales were down 15.24% in July to 12,81,354 units as compared with 15,11,717 units in the same month last year.

Motorcycle sales were at 8,88,520 units, against 9,34,021 units in July 2019, down 4.87%.

Scooter sales were also down 36.51% at 3,34,288 units, compared with 5,26,504 units in the year earlier month.

“After a few consecutive months of plummeted sales in a post-COVID-19 scenario, there are signs of green shoots in passenger vehicles and two-wheelers, where the year-on-year de-growth is much lesser than the previous months,” SIAM president Rajan Wadhera said.

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.

Briefing

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here