March Sees 16% Increase in Passenger Vehicle Dispatches in India
Passenger vehicle dispatches rise 16% to 4,42,460 units in March: SIAM
The Economic Times
Image: The Economic Times
In March 2023, passenger vehicle dispatches in India rose by 16% year-on-year, totaling 442,460 units, according to the Society of Indian Automobile Manufacturers (SIAM). Additionally, two-wheeler and three-wheeler sales also experienced significant increases of 19.3% and 21.4%, respectively.
- 01Passenger vehicle dispatches reached 442,460 units in March 2023.
- 02This marks a 16% increase compared to March 2022.
- 03Two-wheeler sales rose to 1,976,128 units, up 19.3% year-on-year.
- 04Three-wheeler dispatches increased to 76,273 units, a 21.4% rise.
- 05The growth reflects a strong recovery in the Indian automotive sector.
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In March 2023, passenger vehicle dispatches in India rose by 16% year-on-year, reaching a total of 442,460 units, as reported by the Society of Indian Automobile Manufacturers (SIAM). This increase is notable compared to 381,358 units dispatched in March 2022. The growth trend extends to two-wheelers, where sales surged to 1,976,128 units, reflecting a 19.3% increase from the previous year. Three-wheeler dispatches also saw a significant rise, reaching 76,273 units, up 21.4% compared to 62,813 units in March 2022. These figures indicate a robust recovery and increasing demand in the Indian automotive market.
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The increase in vehicle dispatches suggests a recovering automotive market, which could lead to job creation and economic growth in related sectors.
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