<ul><li>Passenger vehicle wholesales in India saw a mixed trend in March.</li><li>High base last year and macroeconomic factors like tepid consumption growth, inflation, infrastructure spending, and geopolitical headwinds are limiting the growth to 1-2%.</li><li>Sports utility vehicles (SUVs) continue to dominate in both urban and rural markets, affecting the market for other vehicle types.</li><li>Companies like Mahindra & Mahindra (M&M) are driving sales with new launches, while the industry expects continued innovation and evolving customer preferences to shape demand growth.</li></ul>

Passenger vehicle wholesales show mixed trend in March; high base year effect, macroeconomic factors to limit growth to 1-2%

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