Passenger vehicle wholesales dip 2% in August as OEMs cut dispatches

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The story "Passenger vehicle wholesales dip 2% in August as OEMs cut dispatches" was covered 22 hours ago by Business Standard, a news publisher based in India.

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Passenger vehicle wholesales dip 2% in August as OEMs cut dispatches - Business Standard

Quick Summary:

According to data issued by the industry body Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle dispatches in the domestic market stood at 3,52,921 units last month compared to 3,59,228 vehicles in August 2023, a dip of 1.8 per cent.

Similarly, motorcycle dispatches from companies to dealers increased by 8 per cent to 10,60,866 units last month from 9,80,809 units in August 2023.

Scooter dispatches last month climbed to 6,06,250 units from 5,49,290 units in August 2023, a growth of 10 per cent.