Passenger vehicles sales up 2.2%, 2-wheelers up 1.6% in June: SIAM

economictimes.indiatimes.com:

Passenger vehicle dispatches to dealers in June 2022 stood at 3,20,985 units. Total two-wheeler sales rose by 2 per cent to 13,30,826 units last month, as against 13,08,764 units in the year-ago period, SIAM stated.

Total three-wheeler wholesales saw a nearly two-fold jump in sales to 53,019 units in June, as compared to 26,701 units in June 2022, it added. On the retail side, FADA earlier this month reported that sales of cars and bikes in India rose in June, while also flagging «demand-supply mismatches» that likely caused some disruption.

Sales of cars and vans — clubbed as passenger vehicles — rose 4.8% to more than 295,000 units – a record high for the month of June, while those of two wheelers were up 6.8% at over 1.3 million units, data from the Federation of Automobile Dealers Association (FADA) showed. However, dealers selling cars have been impacted by a rise in inventory of some slow-moving cars and have noted «sporadic supplies of popular models,» FADA President Manish Raj Singhania said in a statement.

Retail sales could have been slightly higher if not for the limited supply of utility vehicles, said Himanshu Singh, Research Analyst at Prabhudas Lillader, adding that a component issue at Mahindra and Mahindra and a planned shutdown at Maruti Suzuki India curbed some volumes. (With agency inputs)