New Delhi, March 31 -- Passenger vehicle (PV) wholesales are expected to grow 10 per cent yoy in March 2024 to 371,000+ units, but retails to be lower than that, marking a departure from the tradition of higher sales in the third month of a year than February - given more selling days - but that is unlikely this time as inventory is likely to have risen further to close to a month.

According to industry voices and analysts, there are no significant waiting periods and discounts have increased sharply, notably, for some recently launched SUVs like the Honda Elevate, Maruti Grand Vitara and Maruti Fronx.

Vehicle registration as per Vahan, was soft in March with PVs down 11 per cent yoy, partly impacted due to the shift of Navratri from Ma...