- By Aditya Pratap Singh
- Wed, 14 Feb 2024 12:40 PM (IST)
- Source:PTI
Wholesale vehicle sales in January: The wholesale domestic passenger vehicle sales rose 14 per cent to 3,93,074 units in January. It was the best figure for January amid strong demand for utility vehicles, SIAM said on Wednesday.
According to the latest data released by the Society of Indian Automobile Manufacturers (SIAM), In the same month in 2023, delivery of passenger vehicles from manufacturers to dealers stood at 3,46,080 units.
The Wholesale sales for two-wheels rose 26 per cent to 14,95,183 units as compared to 11,84,376 units in January last year.
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"Passenger vehicle sales have remained resilient led by positive consumer sentiments, while the two-wheeler segment witnessed good growth in January as well as the rural market continues to recover," Vinod Aggarwal, President, Society of Indian Automobile Manufacturers (SIAM) said.
Although the commercial vehicle sector may not grow in January 2024, it is likely to generate good profits in the next two months of this fiscal, he added. In January 2023, total sales of three-wheelers increased by 9 per cent from 48,903 units to 53,537 units.
"Passenger vehicles and three-wheelers continue to post their highest-ever sales till date, in FY 24, for the period April to January," SIAM Director General Rajesh Menon said.
