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On the right track: Low base drives auto sales up by 12% in May, says Siam

While the overall sales of the segment grew at 19.65 % to 301,238 units, dispatches of cars went up by over 19 per cent and UVs grew at more than 17 %

Ajay Modi  |  New Delhi 

Ajay Modi

Most segments of automobiles, barring two-wheelers, have reported a strong double-digit growth in the wholesales for the month of May compared to the same month last year. The high growth rate comes on a low base of last year when manufacturers moderated dispatches to dealerships (counted as wholesales) in the run up to implementation of the goods and services tax (GST).

Data from the Society of Indian Automobile Manufacturers (Siam) released on Monday shows that passenger vehicle sales growth stood at over 19 per cent YoY for May. All segment of passenger ...

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First Published: Tue, June 12 2018. 07:11 IST