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Passenger vehicle sales in India dip 66% in May as Covid disruptions take toll: Siam
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Passenger vehicle sales in India dip 66% in May as Covid disruptions take toll: Siam
PTI / Jun 11, 2021, 14:13 IST
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NEW DELHI: Passenger vehicle wholesales in India witnessed a month-on-month decline of 66 per cent in May as lockdowns across various states impacted dispatches to dealers, auto industry body Siam said on Friday.
Passenger vehicle wholesales in May stood at 88,045 units, as compared to 2,61,633 units in April.
As per the latest data by the Society of Indian Automobile Manufacturers (Siam), two-wheeler dispatches to dealers dropped by 65 per cent to 3,52,717 units, compared to 9,95,097 units in April.
Automobile retail sales witnessed a decline of 55 per cent this May, as compared to April. According to the Federation of Automobile Dealers Associations (FADA), passenger vehicle (PV) sales declined by 59 per cent in May as compared with 2,08,883 units in April this year .