Total PV Sales Stand At 372,126 Units In Sept 2022: SIAM

The recent report released by SIAM shows that the total production of Passenger Vehicles (Three Wheelers, Two Wheelers and quadricycles) in Sep 2022 was 2,479,256 units. Total domestic sales of Passenger Vehicles were 307,389 units, whereas three-wheeler sales were 50,626 units and two-wheeler sales were 1,735,199 units in Sep 2022.

 “There is an improvement seen across the segments in Q2 of 2022-23, compared to the previous year. We are hopeful that the Industry will do well in the month of October, which has two major festivals of Dussehra and Diwali. The recent increase in the prices of CNG Fuel, higher Repo Rates and the Russia-Ukraine conflict are of concern and could impact the market in the coming months” said Vinod Aggarwal, President of SIAM.

“September month has been generally good for the industry, as the Passenger Vehicle segment has recorded highest ever sales in H1 and Commercial Vehicle segment has started showing trends of better market demand. Off-take of entry-level Two-Wheelers and entry-level Passenger Vehicles have been of concern especially as the rural demand has not picked up” said Rajesh Menon, Director General of SIAM.

The total production of Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and quadricycles in July-Sep 2022 was 7,353,039 units. The Domestic Sales of passenger vehicles were 1,026,309 units, commercial vehicles were 231,880 units, three-wheeler sales were 120,319 units and two-wheeler sales were 4,673,931 units in Jul-Sep 2022.

Talking about the total production of passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles in April-Sep 2022 was 13,679,522 units. And the domestic sales number of passenger vehicles was 1,936,740 units, commercial vehicles were 456,199 units, three-wheeler was 196,612 units and two-wheeler sales were 8,398,464 units in April-Sep 2022. The data of BMW, Mercedes, Tata Motors & Volvo Auto are not available