In August, the base effect drives up domestic PV sales

In August, India’s private vehicle (PV), sales were up year-on-year due to a low base effect and pent-up demand.

However, sales have slowed due to challenges in electronic components availability and high operating costs.

Accordingly, August saw a 232,224 increase in passenger vehicle sales compared with the 2,15,916 units that were sold during the same period in 2020.

Sequentially, August’s PV sales were lower that July’s level at 2,64,442 units.

The Society of Indian Automobile Manufacturers’ (SIAM), data does not include sales figures for key players like Tata Motors.

The data on PV sales includes cars, vans, and utility vehicles.