New Delhi, Apr 14 (BNP): Domestic automobile dispatches posted strong growth in March, reflecting sustained demand momentum across both passenger vehicles and two-wheelers, according to industry data released by the Society of Indian Automobile Manufacturers (SIAM).
Passenger vehicle dispatches from companies to dealers rose 16 per cent year-on-year to 4,42,460 units in March, compared to 3,81,358 units in the same month last year.
The two-wheeler segment also recorded robust growth, increasing 19.3 per cent to 19,76,128 units in March, up from 16,56,939 units a year earlier.
The strong performance across segments indicates improving consumer sentiment and steady demand in the domestic automobile market, which is a key driver of industrial activity and employment.
Industry experts note that higher vehicle sales typically boost manufacturing output, supply chain activity, and dealership revenues, while also contributing significantly to government tax collections through GST, road tax, and registration fees.
The automobile sector, one of India’s largest employment generators, also supports a wide ecosystem of component makers, logistics providers, and financial services linked to vehicle financing.
