New Delhi, June 3 -- 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) volumes remained largely flat.

Three of India's top four passenger vehicle manufacturers reported weak sales to dealers in May, reflecting a subdued urban demand, particularly in the small car segment.

Maruti Suzuki, the country's largest carmaker, reported a 5.6% YoY decline in domestic sales, with 135,962 units...