Auto Wholesales in March 2023: PVs record best-ever; 2W recovery yet to happen
Passenger vehicle factory dispatches to the dealers stood at 3.36 lakh units during March 2023. This was the highest volumes ever reported for the month of March. However, moving into the next fiscal, OEMs are closely keeping a watch on geopolitical conditions (commodity, fuel prices), economic growth, interest rate hike and loan rates which could be possible headwinds for the industry. The shortage of semiconductors is expected to continue for some more time. In the two wheeler segment, domestic dispatches continued to improve but still below the previous peak.
Tags : car sales in march 2023 two wheeler sales in march 2023 truck sales in march 2023 automobile sales in march 2023 passenger vehicle sales in fy23 auto sales analysis tractor sales in march 2023
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