Overview

• Passenger vehicle wholesales fell to 321,840 units in August, down about 8.8–9% year-on-year, as manufacturers recalibrated supplies and customers deferred purchases.
• Three-wheeler dispatches reached a record August tally of 75,759 units, up roughly 8% from a year earlier, driven by passenger and goods carriers.
• Two-wheelers rose 7.1% to 1,833,921 units, with scooters up 12.7% to 683,397 and motorcycles up 4.3% to 1,106,638.
• Electric subsegments diverged sharply, with e-rickshaws down about 49.4% to 1,344 units and e-carts up roughly 362.9% to 810.
• Industry data point to passenger vehicle production down about 4.1% in August and dealer inventory near 60 days (~600,000 units), as GST cuts to 18% on select small cars, sub-350cc two-wheelers and three-wheelers (and 5% on EVs) take effect on September 22 with automakers indicating they will pass on the benefit.