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AUTO

Passenger car wholesales climb in Nov

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November wholesales surge

In November, India's domestic passenger vehicle market experienced a 4% increase in wholesales, driven by strong demand for utility vehicles.

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Record dispatches

Vehicle dispatches reached a record-breaking 3,34,130 units, according to the Society of Indian Automobile Manufacturers (SIAM).

3

Two-wheeler sales boom

Two-wheeler sales also saw significant growth with a 31% increase, while three-wheeler dispatches rose by the same percentage.

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Optimistic industry outlook

The automobile industry is optimistic about ending 2023 on a high note and continuing this trend into 2024 due to strong economic growth.

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Growth rate clarification

However, SIAM's Director General Rajesh Menon noted that the growth rate was at 3.7%, considering a high base from last November.