As per data released by the Society of Indian Automobile Manufacturers (SIAM) for the months of July and August 2023, the 2-wheeler (2W) segment saw a decline of 3.1% YoY while 3-wheelers (3W) and Passenger Vehicles (PV) grew by 73.3%/ 5.9% YoY, respectively in the 2-month period. The industry data for the month of September 2023 is not available as of the date of the report.