New Delhi, February 13 (HS): Total wholesale sales of passenger vehicles in January increased by 1.6 percent year-on-year to 3,99,386 units. Total wholesale sales of passenger vehicles in January stood at 3,93,074 units in January last year.

Industry body Society of Indian Automobile Manufacturers (SIAM) said in data released on Thursday that due to strong demand for vehicles, the supply of passenger vehicles from companies to dealerships increased by 1.6 percent year-on-year to 3,99,386 units in January. Total two-wheeler sales in January increased by 2.1 percent year-on-year to 15,26,218 units, while in January 2024 it was 14,95,183 units. Similarly, total three-wheeler sales grew 7.7 per cent year-on-year to 58,167 units as against 53,991 units in January 2024 last year.

Industry body SIAM Director General Rajesh Menon said in a statement that the recent announcements prioritising long-term economic growth in the Union Budget 20925-26, especially the changes in personal income tax and reduction in interest rates by the RBI, will help boost consumer confidence and boost demand in the auto industry.

Hindusthan Samachar / Jun Sarkar