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understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. It was 8,08,755 units in the month under review a year ago, when the country was ravaged by the second wave of the COVID pandemic. In May 2022, the total output of three-wheelers, two-wheelers, and quadricycles (excluding BMW, Mercedes, Tata Motors, and Volvo Auto) was 19,65,541 units, PTI said. "Recent Government interventions would help in easing of the supply side challenges, but second hike in repo-rates by RBI and increase in third party insurance rates, could become more challenging for the customers, thereby impacting demand," Menon noted. Similarly, he continued, sales of passenger vehicle segment are also still below 2018 level, PTI said. "Sales of two-wheelers and three-wheelers continue to remain sluggish in the month of May 2022, as they are even below of what it was 9 years and 14 years ago, respectively," SIAM Director General Rajesh Menon said. In the previous year, the figure was 4,44,131 units. Similarly, total three-wheeler dispatches in last month were 28,542 units, up from 1,262 units in May 2021.Īccording to PTI, in May, total PV, two-wheeler, and three-wheeler sales reached 15,32,809 units.
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