August passenger vehicle despatches to grow in double digits, first time in 26 months

Synopsis
Passenger vehicle sales this month is estimated to be 225,000-235,000 units, up 16-21% from August last year and 29% more compared with a month prior. Vehicle dispatches in August 2019 had declined over 30% from a year earlier — at that time, it was the lowest monthly volume since 2014.

Mumbai: Passenger vehicle sales are set to grow in double digits for the first time in 26 months in August, boosted by strong demand for personal mobility amid the pandemic and a favourable base effect.Two-wheeler sales, meanwhile, will be back in the positive zone for the first time since December 2018.Passenger vehicle sales this month is estimated to be 225,000-235,000 units, up 16-21% from August last year and 29% more compared with a month

Ketan Thakkar Ashutosh R Shyam

ET Bureau

5 mins read, Last Updated:

Aug 29, 2020, 07:45 AM IST

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August passenger vehicle despatches to grow in double digits, first time in 26 months

Synopsis
Passenger vehicle sales this month is estimated to be 225,000-235,000 units, up 16-21% from August last year and 29% more compared with a month prior. Vehicle dispatches in August 2019 had declined over 30% from a year earlier — at that time, it was the lowest monthly volume since 2014.

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August passenger vehicle despatches to grow in double digits, first time in 26 months

SynopsisPassenger vehicle sales this month is estimated to be 225,000-235,000 units, up 16-21% from August last year and 29% more compared with a month prior. Vehicle dispatches in August 2019 had declined over 30% from a year earlier — at that time, it was the lowest monthly volume since 2014.

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Synopsis
Passenger vehicle sales this month is estimated to be 225,000-235,000 units, up 16-21% from August last year and 29% more compared with a month prior. Vehicle dispatches in August 2019 had declined over 30% from a year earlier — at that time, it was the lowest monthly volume since 2014.