New Delhi, Sept. 2 -- While two-wheeler manufacturers reported improved wholesale volumes in August, passenger vehicle (PV) wholesale volumes continued to show weakness, declining 2% YoY across the four listed companies. Analysts attributed this to the uncertainty created by the proposed GST rate rationalization, which has prompted consumers to postpone purchase decisions.

Mahindra & Mahindra (M&M) SUV dispatches fell 9% YoY to 39,399 units in August. According to domestic brokerage firm Motilal Oswal, this marked the first monthly decline in the UV segment since November 2021, as the company adopted a conservative stance to avoid burdening dealers with excess stock ahead of the anticipated GST changes.

Maruti Suzuki India volumes remai...