July wholesales up 11% as OEMs gear up for festive season
PV OEMs’ dealer supplies driven by surging demand for UVs; 3-wheeler market gets EV boost; 2-wheeler makers banking on return of demand for scooters and entry-level bikes.
12 Aug 2022
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The July 2022 wholesales numbers for three vehicle segments – passenger vehicles, three- and two-wheelers – were released by SIAM today. The apex industry body did not reveal the data for commercial vehicles though.
Total wholesales of 17,06,545 units translate into a 10.61% year-on-year increase (July 2021: 15,42,716). While this augurs well for the industry per se and also reflects strong PV and two-wheeler demand for new models, July numbers also indicate OEM readiness for the festive season ahead when new vehicle purchases are the order of the day.
July, which is typically being a lean month for ...
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