PV dispatches see muted growth in June as high base effect kicks in

Passenger vehicle wholesales saw a marginal growth of 4 per cent in June on account of high base effect and muted demand due to severe heatwave conditions in several parts of the country. Overall passenger vehicle dispatches last month stood at 3,40,784 units, a growth of 3.67 per cent compared with 3,28,710 units in June 2023.

Market leader Maruti Suzuki India said its total domestic passenger vehicle sales stood at 1,37,160 units last month compared to 1,33,027 units in the year-ago month, a growth of 3 per cent.