Passenger vehicle wholesales surges 4% in November

Domestic passenger vehicle wholesales rose by around 4 per cent year-on-year in November, driven by robust demand for utility vehicles, industry body SIAM said on Tuesday.

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Passenger vehicle dispatches from companies to dealers rose to 3,34,130 units last month, the best-ever figure for the month of November, from 3,22,268 units in the same month last year.

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Two-wheeler sales rose to 16,23,399 units last month, a growth of 31 per cent as compared to 12,36,282 units in November 2022.

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Similarly, three-wheeler dispatches also rose to 59,738 units last month, registering an increase of 31 per cent over 45,664 units last November.

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