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Around 345,000-346,000 vehicles are expected to be sold in the domestic market by the close of this month, compared with 342,000 units a year earlier. This would be the highest July sales on record in the Indian market. The highest monthly passenger vehicle sales were 355,000 units, recorded in September 2022. ....
Synopsis As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicles sales in the domestic market declined 2.24% to 2,711,457 units last fiscal. Sales of commercial vehicles too fell by more than a fifth to 568,559 units in the period under consideration. Agencies Sales of cars, utility vehicles and vans in the local market declined by around two per cent last fiscal with the covid-induced nationwide lockdown impacting adversely a sector, which has already been seeing a structural slowdown the past few years. As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicles sales in the domestic market declined 2.24% to 2,711,457 units last fiscal. Sales of commercial vehicles too fell by more than a fifth to 568,559 units in the period under consideration. Meanwhile, two-wheeler sales crashed 13% to 15,119,387 units in FY21. And those of three-wheelers declined by 66% ....