Auto Sales Report : Wholesale sales of passenger vehicles in the domestic market increased by 13.54 percent year-on-year to 3,34,247 units in May. Society of Indian Automobile Manufacturers (SIAM) gave this information. According to the latest SIAM data, in May 2022, manufacturers shipped 2,94,392 units of passenger vehicles (PV) to dealers.
During this period, wholesale sales of two-wheelers stood at 14,71,550 units, which was 12,53,187 units in May last year. In this way it increased by 17.42 percent. Wholesale sales of three-wheelers during the period under review stood at 48,732 units, while in May 2022 the figure was 28,595 units.
SIAM said that total vehicle dispatches across all categories stood at 18,08,686 units in May 2023 as against 15,32,861 units in the same period a year ago. SIAM President Vinod Agarwal said, “Wholesale sales of vehicles across all segments grew in double digits during May 2023 as compared to May 2022.” He said that these trends are expected to continue further.