Passenger vehicle dispatches surge 13% in April amid robust demand: SIAM
Amid robust demand, the Society of Indian Automobile Manufacturers (SIAM) in its latest report has showed that domestic passenger vehicle dispatches from companies to dealers surged 13 per cent year-on-year to 3,31,278 units in April 2023 compared to 2,93,303 units in April 2022.
According to the report, two-wheeler dispatches last month also increased by 15 per cent to 13,38,588 units from 11,62,582 units a year ago. Motorcycle wholesales rose to 8,39,274 units last month from 7,35,360 units in April 2022.
The report noted that similarly, scooter dispatches rose to 4,64,389 units in April against 3,88,442 units in the year-ago period. The total three-wheeler sales rose to 42,885 units last month from 20,997 units in April 2022.
Source : Accord Fintech