January 2023 Records Sales Of 19,04,364 Vehicles

The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles in the month of January 2023 was 19,04,364 units.

Commenting on January 2023 sales data, Vinod Aggarwal, President, SIAM said, “Better consumer sentiments is driving demand for Passenger Vehicles. The three-wheeler segment has gained traction compared to the past two years, though they are still to reach the pre-Covid levels. The rate of growth of Two-wheelers in the recent year has not kept pace with the growth in the other segments. Positive announcements at the Union Budget should help in continuing with the overall growth momentum.”

Commenting on January 2023 sales data, Rajesh Menon, Director General, SIAM said, “Passenger Vehicles again saw highest ever sales in the month of January and for the first time, it has crossed 3 million sales mark in 10 months, from April to January period. Sales of L5 category three-wheelers more than doubled in January 2023, compared to January 2022, while Two-Wheelers posted a marginal growth of just around 4 per cent in the month of January 2023, compared to January 2022.”

The domestic sales of passenger vehicles were 2,98,093 units in January 2023, three-wheeler was 48,903 units in January 2023 and two-wheeler was 11,84,379 units in January 2023. 

Whereas the performance from April 2022 to January 2023 of passenger vehicle sales was 31,69,788 units, three-wheeler sales were 3,84,026 units, two-wheeler sales were 1,34,41,873 units. The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles in April 2022 - January 2023 was 2,09,95,875 units.