Passenger vehicle dispatches from manufacturers to dealerships grew 4% year-on-year to 3,47,522 units in November, according to the Society of Indian Automobile Manufacturers. In the same month last year, a total of 3,33,833 units were dispatched.
The 4% growth November is sharper as compared to the flattish trend seen in October, when the dispatches had risen marginally to 3,93,238 as compared to 3,89,714 units in the year-ago period.
While passenger vehicle dispatches climbed in November, two-wheeler wholesale dispatches saw a decline of 1%, dropping to 16.05 lakh units from 16.23 lakh units in the same month last year.
The decline comes after the festive season pushed two-wheeler sales in October to 21.64 lakh, marking a jump of 14% from 18.95 lakh units in the year-ago period.
"Though Diwali festival did not fall in the month of November in 2024, the two-wheeler segment posted a sale of 16.05 lakh units, crossing the 16 lakh units mark for the first time in a non-Diwali November," SIAM Director General Rajesh Menon said.
Meanwhile, the total three-wheeler dispatches dipped 1% year-on-year in November to 59,350 units, the automobile manufacturers' body said in a statement.
Hike In Passenger Vehicle Prices
Several passenger vehicle makers have announced that they would be revising the prices of their cars from January onwards. While Tata Motors Ltd., Mahindra and Mahindra Ltd. and JSW MG Motor have announced a hike of 3% from January next year, others like Maruti Suzuki Ltd. will also increase the prices by 4%.
Hyundai Motor Ltd. also stated that prices of its vehicles across its model range will be raised by up to Rs 25,000.
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