Kerala floods impact: Passenger vehicle sales dip over 2% in August

Two-wheelers, the biggest segment of the domestic automobile industry by volume, reported growth of 3 per cent to 1.94 million units

In a month when all segments of the domestic automobile industry posted growth, the passenger vehicle (PV) segment (cars, utility vehicles, and vans) declined by more than 2 per cent in August because of Kerala floods and heavy rainfall in some of the states. A high base effect of last year also showed on the performance. August is a month of good growth in dispatches from manufacturers to dealerships as companies build stock with dealers for the festive season demand. 

Data released on Tuesday by Society of Indian Automobile Manufacturers (Siam) shows that the domestic volume of passenger vehicles declined 2.46