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Passenger vehicle wholesales in India breached the 40 lakh mark in a year for the first time in 2023, riding on the back of robust demand for utility vehicles, industry body SIAM said on Friday. As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), the overall passenger vehicle dispatches from […]
The Indian Commercial Vehicle sector is very swiftly adopting international standards towards sustainability, SIAM President Vinod Aggarwal said on Thursday. Aggarwal, who is also the MD & CEO of VE Commercial Vehicles Ltd, made the remarks at the second edition of the CII Indian Commercial Vehicle (CV) Conclave held here on Thursday. “The Indian Commercial […]
New Delhi, Jul 12 Vehicle loans outstanding increased by 22 per cent year-on-year to Rs 5.09 lakh crore in May, notwithstanding the Reserve Bank’s rate hike spree in 2022-23. As per the latest RBI data, the total vehicle loan outstanding climbed from Rs 3.65 lakh crore in May 2021 to Rs 4.16 lakh crore in […]
New Delhi, Jul 12 Passenger vehicle wholesales in the domestic market witnessed a 2 per cent year-on-year rise to 3,27,487 units in June, as demand remained strong especially for the multi-utility vehicles, industry body SIAM said on Wednesday. Passenger vehicle dispatches to dealers in June 2022 stood at 3,20,985 units. Total two-wheeler sales rose by […]
New Delhi, Mar 10: Indian automakers dispatched nearly 2.92 lakh passenger vehicles, the highest ever for February so far, driven by strong demand for cars and utility vehicles, industry body SIAM said on Friday. The total passenger vehicle dispatches from companies to dealers last month increased 11 per cent to 2,91,928 units from 2,62,984 units […]
Passenger vehicle wholesales rose 23 per cent year-on-year in the December 2022 quarter, aided by robust demand in the festive period, the automobile industry body Society of Indian Automobile Manufacturers said on Friday. The total passenger vehicle dispatches from the companies to dealers in the third quarter rose to 9,34,955 units compared to 7,61,124 units […]