June qtr PV sales overtake Q1FY19 volumes, two-wheeler sales lag

Entry-level cars, two-wheelers remain in slow lane; two-wheeler exports jump

Passenger vehicle (PV) sales in the domestic market for the June quarter rose to the highest in four years amid easing semiconductor shortage and robust demand, the Society of Indian Automobile Manufacturers said on Wednesday. 

This was the first time that the quarterly volumes surpassed peak volumes seen in 2018-19 (FY19). 

Strong growth in utility vehicles (UVs) led the overall momentum. UVs accounted for a little more than half the PV volumes in the first quarter (Q1), against 27 per cent in Q1FY19. 

While the automotive industry can draw some comfort from PV sales surpassing the peak, indicating strong