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During the festive season in September, the supply of vehicles to dealers remained strong. Automobile companies sold 1,42,727 cars to dealers last month. This is 122% more than the 64,235 cars sold to them in September last year. Last month, total passenger vehicle wholesale sales also increased by 92%.
According to the data released on Thursday, auto companies supplied a total of 3,07,389 vehicles to their dealerships in September. In September last year, this figure was 1,60,212. Passenger vehicles include cars, utility vehicles and vans.
According to the Society of Indian Automobile Manufacturers (SIAM), two-wheeler wholesale sales also increased by 13% to 17,35,199 vehicles last month. Last year it reached 15,37,604. Similarly, there has been an increase of 18% in the wholesale sales of motorcycles and 9% in the wholesale sales of scooters. Moped sales declined by 23% while wholesale sales of three wheelers increased by 73%.
The trend of increasing vehicle sales is likely to continue this month as well.
SIAM President Vinod Aggarwal said that the sales of vehicles have increased across all segments. The same trend is expected to continue in October as well. SIAM Director General Rajesh Menon said that the month of September is good for the auto industry. In the first half of the current financial year, a record 19.36 lakh passenger vehicles were sold.