Auto Industry Sells Total 3,50,149 PVs In Domestic Market In July'23
The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in July 2023 was 20,87,087 units
Domestic Sales:
♦ Passenger Vehicles sales were 3,50,149 units in July 2023.
♦ Three-wheeler sales were 56,034 units in July 2023
♦ Two-wheeler sales were 12,82,054 units in July 2023.
This number doesn't include data from BMW, Mercedes, JLR & Volvo Auto.
Commenting on sales data of July 2023, Vinod Aggarwal, President of SIAM, said, “Though the Passenger Vehicle and Three-Wheeler segments are performing well, there has been a de-growth of Two-Wheelers in July 2023, compared to July 2022. Overall, we expect that the positive economic environment, good monsoons, and upcoming festive season will support continued growth in the Auto Industry.”
Commenting on July-2023 performance, Rajesh Menon, Director General of SIAM, said, “Sales of Passenger Vehicles of July 2023 has been the highest ever in July, with a marginal growth of 2.6 per cent, compared to July 2022. Three Wheelers also posted a decent growth of 78.9 per cent compared to the last year, which is the 2nd highest in the month of July, after the peak of 2018-19. However, after posting growth in each of the previous last 3 months in this financial year, Two-Wheeler segment de-grew by (-) 7.2 per cent in July 2023, compared to last year.”
Domestic Sales: Monthly
#BMW, Mercedes, JLR & Volvo Auto data is not included in the total passenger vehicle sales. Tata Motors Domestic Sales data is included only in ‘Total PV’. However, without Tata Motors, ‘Total PV’ would be 2,93,865 for July 2022 and 3,02,521 for July 2023.
