Passenger vehicle dispatches to dealers in India rose over two-fold last month on a low base of Covid-19-hit May last year.
As per the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle wholesales rose to 2,51,052 units last month as compared to 88,045 units in May 2021.
The two-wheeler sales rose to 12,53,187 units in May as compared to 3,54,824 units in the year-ago period.
Similarly, total three-wheeler dispatches stood at 28,542 units last month as against 1,262 units in May 2021.
Overall sales of PVs, two-wheelers and three-wheelers rose to 15,32,809 units in May. The same stood at 4,44,131 units in the preceding year.
"Sales of two-wheelers and three-wheelers continue to remain sluggish in the month of May 2022, as they are even below of what it was 9 years and 14 years ago, respectively," SIAM Director General Rajesh Menon said.
Similarly, sales of passenger vehicle segment are also still below 2018 level, he added.
"Recent Government interventions woul
↧