Auto sales rebound in August after nine months due to pent-up demand

Two-wheeler sales increased by 3 per cent to 1,559,665 units, while passenger cars grew 14 per cent YoY to 124,715 units

Wholesale numbers of cars and utility vehicles rebounded in August due to pent-up demand. Domestic wholesales of passenger vehicles increased 14.16 per cent year on year (YoY) to 215,916 units last month, according to the data released by the Society of Indian Auto­mobile Manufacturers (Siam). 

The passenger vehicle sales have returned to positive territory in August after nine consecutive months of decline.

While monthly factory-gate car shipments rose 14.13 per cent YoY to 124,715 units in August, sales of utility vehicles jumped 15.54 per cent to 81,842 units — the second straight month of uptick.

Automobile sales in India are counted as factory