PV wholesales surge 8% to 10.12 lakh units in Dec quarter: SIAM
The passenger vehicles witnessed a marginal dip in exports in the December quarter to 1,69,463 units as against 1,70,458 units in the same period last year.
The passenger vehicles witnessed a marginal dip in exports in the December quarter to 1,69,463 units as against 1,70,458 units in the same period last year.
In December, the domestic passenger vehicle sales crossed the 4 million units mark led by robust sports utility vehicle (SUV) sales
Several automakers on Monday announced their plans to raise prices by January 2024.
Overall automobile exports declined by 6.02% YoY during the period under review.
In August, domestic utility vehicle sales stood at 1,20,031 units, declining by 10% against 1,33,477 units in the same period last year
The domestic automobile retail sales stood at 3,43,000 units during the month under review, up 7.3% vis-a-vis 3,19,800 units in the same period last year.
Notably, the wholesale in the automobile industry stood at 3,52,000 units as against 3,19,500 retail sales in July.
The total passenger vehicle domestic sales surged 9.4% to 9,95,974 units in Q1 of FY24 as against 9,10,495 units sold in the same period last year.
Maruti Suzuki, the country's largest carmaker, reported a 10.3% year-on-year (YoY) surge in its sales to 1,78,083 units as against 1,61,413 units in the same period last year.
Passenger vehicle sales were the highest, witnessing a surge of 26.7% to 38,90,114 units in FY23, as against 30,69,523 units in the same period last year.