Passenger Vehicle Wholesales Zoom 92 Per Cent In September On Festive Season Demand

In the September quarter, PV sales increased by 38 per cent to 10,26,309 units, as against 7,41,442 units in the similar period of the last fiscal year

Total commercial vehicles sales rose by 39 per cent to 2,31,880 units, as against 1,66,251 units in the year-ago period. ( Image Source :Getty )

Passenger vehicle wholesales in India rose 92 per cent to 3,07,389 units last month, as compared to the same month last year, riding on the back of strong festive season demand, auto industry body Society of Indian Automobile Manufacturers (SIAM) said on Thursday.

According to a release by SIAM, passenger vehicle (PV) dispatches from factories to dealerships in September 2021 stood at 1,60,212 units.

According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also rose 13 per cent to 17,35,199 units, as compared to 15,37,604 vehicles in September 2021.

Rajesh Menon, director general, SIAM, said, "September month has been generally good for industry, as Passenger Vehicle segment has recorded highest ever sales in H1 and Commercial Vehicle segment has started showing trends of better market demand. Off-take of entry level Two-Wheelers and entry level Passenger Vehicles have been of concern especially as the rural demand has not picked up."

Motorcycle sales rose 18 per cent to 11,14,667 units, as against 9,48,161 units in September 2021, while scooter sales were up 9 per cent to 5,72,919 units, from 5,27,779 vehicles a year ago.

Vinod Aggarwal, president, SIAM said, "There is an improvement seen across the segments in Q2 of 2022-23, compared to the previous year. We are hopeful that the Industry will do well in the month of October, which has two major festivals of Dussehra and Diwali. Recent increase in the prices of CNG Fuel, higher Repo Rates and the Russia-Ukraine conflict are of concern and could impact the market in the coming months."

In the September quarter, PV sales increased by 38 per cent to 10,26,309 units, as against 7,41,442 units in the similar period of the last fiscal year.

Similarly, total two-wheeler sales rose 13 per cent to 46,73,931 units, as compared with 41,36,484 units in the September quarter of the last fiscal year.

Total commercial vehicles sales rose by 39 per cent to 2,31,880 units, as against 1,66,251 units in the year-ago period. Total sales across categories rose to 60,52,628 units, as against 51,15,112 units in the September quarter of last year.