Passenger vehicle sales rise 14% in Aug: SIAM

New Delhi: Passenger vehicle sales grew in strong double digits for the first time in nearly two years, albeit on a low base, as good retail demand increased production helped manufacturers dispatch more vehicles in August.

As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), as many as 215,916 passenger vehicles were sold last month, which is an increase of 14.15% compared to 189,129 units sold in the year-ago period. The wholesale numbers exclude those of Tata Motors which is reporting its data to SIAM on a quarterly basis since the start of the fiscal.

Wholesale volumes of two-wheelers too increased by 3% to 1,559,665 units in August. While demand for motorcycles rose 10.13% to 1,032,476 units; that for scooters fell 12.30% to 456,848 units.

Sales of three-wheelers in the period under review fell 75.29% to 14,534 units.