Festive demand leads to best-ever passenger vehicle, three-wheeler dispatches in October

Passenger vehicle wholesales surged to a record high in October riding on robust festive season demand, auto industry body SIAM said on Friday.

The overall passenger vehicle dispatches to dealers last month rose 16 per cent year on year to 3,89,714 units as compared to 3,36,330 units in October 2022.

Similarly, the three-wheeler segment also witnessed the highest ever monthly dispatches in October at 76,940 units, a growth of 42 per cent over 54,154 units in the year-ago period.