Passenger vehicle dispatches dip 9 pc in Aug as companies curtail supplies amid low market demand

New Delhi, passenger vehicle tasks sent from companies to dealers fell by 9 % annually in August because it calibrates the materials to adapt to the low market demand of companies.

Passenger vehicle wholesale in August 2024 stopped 3,52,921 units.

Indian car manufacturers Director General Rajesh Menon said on Monday that the sales of passenger vehicles fell primarily due to the re -calibration of posts by the manufacturers.

As customers postponed purchases with the expectation of GST rate deduction and reduction in vehicle prices, the demand fell in August.

However, two -wheeled tasks rose to 18.33,921 last month with an increase of 7 % last month, and compared to the previous year’s 17.11,662 units.

Scooter sales increased by 13 % annually in August to 6.83,397, while motorcycle posts increased by 4 percent last month.

The three -wheeled tasks saw the highest shipment for August as 75,759 units in August last year, with an annual increase of 8 % against 69,962.

Menon said that the government’s decision to reduce the GST rates in vehicles will have a long way to inject a new momentum to the Indian automotive industry in the next festival season.

On September 22, gasoline and diesel cars with a engine capacity up to 1,200 cc and 1,500 cc will attract 18 percent, while the above will attract the highest 40 percent.

Electric vehicles will accrue GST by 5 percent.

This article was created from an automatic news agency feeding without changing the text.