DOMESTIC PASSENGER VEHICLES SALES SHRINK 2.5% IN JULY, SIAM EXPECTS FESTIVE SEASON TO BOOST DEMANDS

The total domestic Passenger Vehicles (PVs) sales have witnessed a decline of 2.5 per cent in July 2024, as compared to the same period last year 2023, according to the data released by Society of Indian Automobile Manufacturers (SIAM) on Wednesday.

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As per the data, the sales of total passenger vehicles stood at 3,41,510 units in July, compared to 3,50,355 units, in the same period last year.

The passenger cars segment witnessed a similar trend with the sales declining 12 per cent at 96,652 units, compared to 1,09,859 units in July of 2023. The vans segment also saw a decline of 1 per cent in July current year compared to the same period a year ago.