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PV wholesale falls 10% sequentially in April owing to covid second wave

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NEW DELHI : Wholesale dispatches of vehicles across categories reported double-digit decline in April as exponential surge in covid-19 cases across the country, and the consequent lockdown measures impacted production and delivery of vehicles to dealerships across the country.

Some manufacturers also reduced production due to shutdown of dealerships across states.Wholesale of passenger vehicles (PVs) decreased by 10% on a sequential basis to 261,633 units during the month, according to sales data released by Society of Indian Automobile Manufacturers (Siam) on Wednesday.

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