Commercial Vehicles Sales Decline By 3.3% In June 2023: SIAM

The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in June 2023 was 20,24,703 units

Domestic Sales in June 2023:

♦ Passenger Vehicles sales stand at 3,27,487 units.

♦ Three-wheeler sales stand at 53,019 units.

♦ Two-wheeler sales stand at 13,30,826 units.

The total production of Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in April-June 2023 was 65,03,626 units.

Domestic Sales in April-June 2023:

♦ Passenger Vehicles sales were at 9,95,974 units.

♦ Commercial Vehicles sales were at 2,17,046 units.

♦ Three-wheeler sales were at 1,44,475 units.

♦ Two-wheeler sales were at 41,40,964 units.

Commenting on sales data of Q1 for 2023-24, Vinod Aggarwal, President of SIAM, said, “In the quarter, the Auto Industry seamlessly transited to the very stringent BS 6 Phase 2 Emission Norms from 1st April 2023, reflecting the commitment of the Industry towards the environment. Overall Passenger Vehicles, Two-Wheelers, Three-Wheelers and Commercial Vehicles have performed well in Q1 of 2023-24, although some sub-segments have shown a slight momentary decline, compared to Q1 of last year. With expectations of a reasonable Monsoon, which has now covered most parts of the country, coupled with lowering inflation, we expect the economy to continue to grow, which in turn should help the Auto Sector. High interest rates remain a concern.”

Commenting on the Q1 2023-24 performance, Rajesh Menon, Director General of SIAM, said, “Sales of Passenger Vehicles in Q1 of Apr-June 2023 has been the highest ever with a growth of 9.4 per cent, compared to the previous year. The Passenger Vehicle segment crossed 2 million units in the first half of the Calendar year for the first time. Two-Wheelers also posted a growth of 11.2 per cent in this Quarter, compared to last year, but are still lower than 2016-17 levels. Domestic sales of Three-Wheelers in Q1 of 2023-24 grew by 89.4 per cent compared to last year albeit on a low base, but are still lower than the 2018-19 levels. Commercial Vehicles have de- grown by (-) 3.3 per cent in this Quarter, compared to Q1 of last financial year.”

Domestic Sales: Monthly

BMW, Mercedes, JLR & Volvo Auto data is not included, Tata Motors Domestic Sales data for June included only in ‘Total PV’, detailed break-up is not available. However, without Tata Motors, ‘Total PV’ would be 2,75,788 units for June 2022 and 2,80,252 units for June 2023.

Domestic Sales: April-June-2023

BMW, Mercedes, JLR & Volvo Auto data are not available. Daimler, JBM Auto & Scania data are also not available.