Passenger vehicle wholesales crossed the 10-lakh mark for the first time ever in the June quarter riding on the back of robust demand for utility vehicles, industry body SIAM said on Friday.
Total dispatches of passenger vehicles in the first quarter stood at 10,26,006 units, up 3 per cent as compared with 9,96,565 units in April-June FY24.
Utility vehicle sales rose 18 per cent to 6,45,794 units in the first quarter as against 5,47,194 units in the year-ago period. Dispatches of vans stood at 38,919 units as against 35,648 units earlier, an increase of 9 per cent.
Passenger cars however saw a dip of 17.51 per cent to 3,41,293 units from 4,13,723 vehicles in the June quarter of last fiscal.
“Utility vehicles accounted for 63 per cent of the overall passenger vehicles sales in the first quarter..we are witnessing a migration of customers from sedan segment to utility vehicles,” Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal told reporters here.
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