Auto Sales Slump in August

CosmicTaco · 2024-09-03T14:54:14.949816+05:30

- **Passenger Vehicle (PV)** and **Commercial Vehicle (CV)** sales declined YoY in August. - Domestic two-wheeler sales slightly exceeded expectations, but export demand remained flat. - **Electric two-wheeler** segment saw strong growth due to new launches. - **Maruti Suzuki** and **Tata Motors** reported declines in PV volumes, while **Mahindra & Mahindra** saw an increase. - **Tractor sales** remained stable YoY, with uneven rainfall affecting projections.

Passenger Vehicle (PV) and Commercial Vehicle (CV) sales declined YoY in August.
Domestic two-wheeler sales slightly exceeded expectations, but export demand remained flat.
Electric two-wheeler segment saw strong growth due to new launches.
Maruti Suzuki and Tata Motors reported declines in PV volumes, while Mahindra & Mahindra saw an increase.
Tractor sales remained stable YoY, with uneven rainfall affecting projections.