PV, 2- and 3-wheeler wholesales up 18% in August, OEMs eye festive season gains

The automobile wholesales numbers for August 2022 are out, released by apex industry body Society of Indian Automobile Manufacturers (SIAM). Total despatches of three vehicle segments – passenger vehicles, two- and three-wheelers – add up to 18,77,072 units, up a strong 18% year on year (August 2021: 15,94,573 units). SIAM did not release the data for commercial vehicle despatches for August 2022.

The double-digit YoY growth for all these three segments is a pointer to the fact that vehicle manufacturers are all geared up to make the most of the two-month festive season in India that began in end-August ...