Passenger Vehicle Dispatches Surge: A March Milestone

Domestic passenger vehicle dispatches surged by 16% year-on-year in March 2023 with a total of 4,42,460 units, according to SIAM. Meanwhile, two-wheeler sales increased by 19.3% reaching 19,76,128 units. Three-wheeler dispatches also saw a rise, climbing 21.4% to 76,273 units compared to the same period last year.

Domestic passenger vehicle dispatches witnessed a significant surge of 16% in March 2023, reaching a total of 4,42,460 units, as reported by the industry body SIAM on Tuesday.

This rise in vehicle dispatches is complemented by a notable increase in two-wheeler sales, which saw a 19.3% growth year-on-year, culminating at 19,76,128 units.

Additionally, the three-wheeler sector experienced a 21.4% rise in dispatches to dealers, totaling 76,273 units compared to March of the previous year, as per the SIAM statement.

(With inputs from agencies.)