May auto sales: PVs flat, CVs steady, 2-wheelers accelerate
Indian wholesale auto volumes exhibited a mixed trend in May, with the passenger vehicle (PV) segment reporting low single-digit year-on-year (YoY) growth, driven primarily by exports, while domestic demand stayed muted. In contrast, two-wheeler (2W) domestic demand remained healthy, with exports recording strong double-digit growth. Tractors saw high single-digit YoY growth, whereas commercial vehicle (CV)…