SIAM

Following a few tumultuous years of lacklustre sales in the country, the total sales figure of passenger vehicles in 2022 has showcased a huge jump. The apex non-profit national body representing all major vehicle and vehicular engine manufacturers SIAM – Society of Indian Automobile Manufacturers recently released the total sales volume of the automakers in the country and it reveals that total passenger vehicle (PVs) sales in May 2022 rose by 185 per cent year-on-year (YoY) to 251,052 units. In May 2022, the total…

Automobile dispatches from factories to dealerships in India declined by 6 percent in FY22, with the two-wheeler segment reporting its lowest wholesales in the last 10 years, auto industry body SIAM said. Total wholesales across categories in the 2021-22 fiscal declined to 1,75,13,596 units, as against 1,86,20,233 units in 2020-21.Two-wheeler dispatches declined by 11 percent last financial year, while passenger vehicles (PV), commercial vehicles, and three-wheelers witnessed growth compared to the low base of 2020-21.…