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As many as 88,045 passenger vehicles were sold last month, compared with 261,633 units in April, according to data released on Friday by the Society of Indian Automobile Manufacturers (SIAM).
New Delhi, Jun 11: Passenger vehicle wholesales in India declined by 66 per cent to 88,045 units in May as compared to April this year as lockdowns across
Covid-induced economic volatility contracted the demand for domestic passenger vehicles in May 2021 from May 2019 levels.However, the base effect, along with low interest rates and some pent up demand, showed an accelerated rise in domestic .