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

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