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Sale of 279,501 Passenger Vehicles Units registered in March 2022: SIAM

Mr Rajesh Menon, Director General, SIAM said, “Overall Industry witnessed a de-growth of (-) 6% in FY22. All segments are facing supply side challenges and the industry is yet to see complete recovery following the disruptions it has been facing since early 2020."

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The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers, and Quadricycle in March 2022 was 1,960,398 units

Commenting on annual sales data, Mr Kenichi Ayukawa, President, SIAM said, “The year gone by was full of unforeseen challenges and new learning for the industry. Indian auto industry has worked hard against these challenges to keep the value chain running, to indigenize parts, control cost, invest in new technologies, and enhance exports. The Government also came out with targeted support like PLI schemes, FAME scheme extension, etc. ” Elaborating on the sales performance, he mentioned, “Despite some recovery from a low base, sales of all four segments of the auto industry are below even 2018-19 level. While some segments like Commercial Vehicles and SUVs are seeing improvement in demand, the mass segments like two-wheelers and smaller cars are facing serious affordability issues. Ofcourse, our immediate challenge in most segments is semiconductor availability.” Talking about export performance, he said, “We are happy to share that all four segments of the industry have increased their exports. Infact, two-wheelers achieved their highest ever exports. It is good to see that Indian products are becoming more acceptable worldwide for their quality, cost and performance.”

Commenting on the 2021-22 performance, Mr Rajesh Menon, Director General, SIAM said, “Overall Industry witnessed a de-growth of (-) 6% in FY22. All segments are facing supply side challenges and the industry is yet to see complete recovery following the disruptions it has been

 

facing since early 2020. Passenger Vehicles, Commercial Vehicles and Three-wheelers have witnessed a growth compared to a low base of the industry in 2020-21, but the Two-Wheeler segments further declined by (-) 11% from the previous year.

Domestic Sales:

 

  • Passenger Vehicles* sales were 279,501 units in March 2022.
  • Three-wheeler sales were 32,088 units in March 2022.
  • Two-wheeler sales were 1,184,210 units in March 2022.

Quarterly Performance: January – March 2022

 

Production: Total production of Passenger Vehicles**, Commercial Vehicles#, Three Wheelers, Two Wheelers, and Quadricycle in January – March 2022 was 6,014,377 units.

Domestic Sales:

 

  • Passenger Vehicles** sales were 920,661 units in January– March 2022.
  • Commercial Vehicles# sales were 249,806 units in January – March 2022.
  • Three-wheeler sales were 83,218 units in January – March 2022.
  • Two-wheeler sales were 3,350,497 units in January – March 2022.

 

Financial Year Performance: April – March 2022

 

Production: Total production of Passenger Vehicles**, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April – March 2022 was 22,933,230 units.

Domestic Sales:

 

  • Passenger Vehicles** sales were 3,069,499 units in April – March 2022.
  • Commercial Vehicles## sales were 716,566 units in April – March 2022.
  • Three-wheeler sales were 260,995 units in April – March 2022.
  • Two-wheeler sales were 13,466,412 units in April – March 2022.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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