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Covid surge: Passenger vehicle wholesales down for second straight month in May

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passenger vehicles slumped 66% sequentially to 88,045 units in May, marking the second straight month of decline, amid fresh lockdowns across states following a vicious second wave of coronavirus infections in the country.The decline was driven by a 70.5% drop in sales of passenger cars to 41,536 units and a 58.5% fall in utility vehicles sales to 45,158 units in May, according to sales data released by Society of Indian Automobile Manufacturers (SIAM) on Friday.Maruti Suzuki India, the country’s largest car maker, reported a 74.2% month-on-month decline in sales to 35,293 units in May.

While, the country’s second largest vehicle manufacturer, Hyundai Motor India, reported a 49% drop in dispatches to 25,001 units.Tata Motors saw wholesales.

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