Indian Passenger Vehicle Wholesales See Modest 3% Growth in June

Passenger vehicle wholesales in India increased by 3% year-on-year to 337,757 units in June, according to the Society of Indian Automobile Manufacturers (SIAM). Two-wheeler wholesales saw a substantial rise of 21%, while three-wheeler wholesales grew by 12%. The overall market shows positive growth trends.

Passenger vehicle wholesales in India experienced a 3% increase year-on-year, reaching 337,757 units in June, the Society of Indian Automobile Manufacturers (SIAM) reported on Friday.

According to the data, passenger vehicle dispatches from manufacturers to dealers totaled 327,788 units in June 2023.

SIAM's report also highlighted a significant 21% rise in two-wheeler wholesales, climbing to 1,614,154 units compared to 1,330,826 units in June 2023.

Three-wheeler wholesales exhibited a 12% growth, increasing to 59,544 units from 53,025 units in June of the previous year.