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Passenger-Vehicle Dispatches Down 9% in August as Two- and Three-Wheelers Rise

SIAM says buyers waited for Sept 22 GST cuts, expecting a rebound in the festive season.

Overview

  • Passenger-vehicle dispatches fell to 321,840 units in August, with SIAM citing supply recalibration by manufacturers.
  • Passenger-vehicle wholesales were 352,921 units, reflecting the broader slowdown in the segment.
  • Two-wheelers rose 7% to 1,833,921 units, led by scooters up 13% to 683,397 and motorcycles up 4% to 1,106,638.
  • Three-wheelers hit an August record at 75,759 units, up 8% year-on-year.
  • GST changes effective Sept 22 set 18% for smaller petrol and diesel cars, 40% for larger engines, and 5% for electric vehicles.