The total domestic Passenger Vehicles (PVs) sales have witnessed a decline of 2.5 per cent in July 2024, as compared to the same period last year 2023, according to the data released by Society of Indian Automobile Manufacturers (SIAM) on Wednesday.
Analysts project a mixed performance with two-wheeler (2W) volumes showing resilience, while passenger vehicles (PVs) and commercial vehicles (CVs) are expected to see slight declines. Tractor volumes are likely to remain flat during this period.
Domestic sales of passenger vehicles (PVs) grew 4.47 per cent to 2,92,030 units in March 2023, against 2,79,525 units in previous year's March, according to SIAM report.
Mumbai (Maharashtra) [India], March 12 (ANI): India Ratings and Research (Ind-Ra) on Friday revised its outlook for the auto sector to improving for FY22 from negative on account of a likely revival across segments aided by positive consumer sentiments amid macroeconomic tailwinds as the eco