August  PV production up 25 percent: SIAM

While domestic wholesale (despatches to dealers) of total passenger vehicles (PVs) has gone up by 21 percent year-on-year  at 281,210 units in August, compared to 2,32,224 units in same month last year, production of cars, utility vehicles and vans rose from 266,748 units to 333,484 units, up 25 percent YoY.

Production figures are a good barometer of the pulse of the economy has OEMs indicate their likely sales numbers in their monthly updates, and with the run up to the festive season having begun, OEMs are gearing up to be able to cater to what may be a ...