Passenger vehicle wholesales in slow lane in May due to high base effect, elections

Passenger vehicle wholesales in slow lane in May due to high base effect, elections

New Delhi: Passenger vehicle wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 3,50,257 lakh units last month as compared to 3,35,436 in the same month a year ago, registering a … Read more

Festive demand, strong SUV offtake propel domestic passenger vehicle sales to record high in August

Festive demand, strong SUV offtake propel domestic passenger vehicle sales to record high in August

Domestic passenger vehicle sales hit a record in August led by highest-ever monthly dispatches from Maruti Suzuki on the back of festive demand and the continued strong offtake of SUVs. Hyundai Motor India, Mahindra & Mahindra and Toyota Kirloskar Motor also reported strong dispatches to dealers last month. Tata Motors, however, saw a dip in … Read more