Passenger vehicle (PV) sales in India witnessed a sequential decline in November, dropping to 3.35 lakh units from 3.91 lakh units in October, as automakers reduced showroom inventory post the festive season. On an annual basis, November 2023 sales saw a nearly 4% increase compared to November 2022. Maruti Suzuki’s wholesales fell from almost 2 lakh vehicles in October to 1.64 lakh units in November, reflecting a drop in every segment. Industry executives expect a correction in inventory levels in December due to aggressive schemes and offers by carmakers, with current stock levels at 30-35 days.