Passenger vehicle dispatches up 4 per cent in Sept at 3,72,458 units: SIAM

Passenger vehicle dispatches from companies to dealers rose 4 per cent yearonyear in September to 372458 units industry body SIAM said on WednesdayThe overall passenger vehicle dispatches last month rose 44 per cent to 372458 units as against 356752 units in September 2024Twowheeler sales witnessed a 7 per cent onyear rise to 2160889 units last month as compared to 2025993 units in the yearago period the Society of Indian Automobile Manufacturers SIAM saidTotal threewheeler dispatches increased to 84077 units last month an increase of 55 per cent as compared to 79683 units in the same month the previous yearIn spite of the new GST rates coming into effect from September 22 ie only for 9 days of the month passenger vehicles twowheelers and threewheelers have already posted their highestever sales of September SIAM President Shailesh Chandra told reportersLooking ahead the outlook for the sector remains encouraging due to key tailwinds he addedThe GST 20 reform is a landmark decision of the government which apart from catapulting the Indian auto industry to the next level would bring in vibrancy in the entire economy as this industry is closely intertwined with strong forward and backward linkages Chandra statedIn the JulySeptember quarter passenger vehicle sales stood at 1039200 units a drop of 15 per cent as compared to 1055137 units in the same quarter of last fiscalTwowheeler sales witnessed a growth of 7 per cent yearonyear to 5562077 units as compared to the JulySeptember quarter of the previous fiscalThreewheeler dispatches to dealers saw a growth of 10 per cent yearonyear to 229239 units in September SIAM saidThe Indian automobile industry enters the second half of 20252026 with renewed cheer supported by strong festive season momentum stable macroeconomic conditions and GST 20 reforms that have improved overall affordability and consumer sentiment the industry body saidWhile the industry remains watchful of geopolitical developments the overall outlook for the rest of the current financial year remains encouraging with the sector expected to close the fiscal year on a positive growth trajectory it addedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever