AutomotiveSectors

SIAM Unveiled Auto Industry Sales Performance Report of October 2022

Mr Vinod Aggarwal, President, SIAM said, “Good market sentiments coupled with festive boost, resulted in higher sales in October, especially for Passenger Vehicles. Higher inflation and rising interest rates have impacted the rural market more, thereby returning marginal growth of the Two-Wheeler segment."

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The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers, and Quadricycle in the month of October 2022 was 2,191,090 units.

Domestic Sales:

  • Passenger Vehicles* sales were 291,113 units in October 2022.
  • Three-wheeler sales were 54,154 units in October 2022.
  • Two-wheeler sales were 1,577,694 units in October 2022.

Performance: April – October 2022

Production: Total production of Passenger Vehicles**, Three Wheelers, Two Wheelers and Quadricycle in April-October 2022 was 15,362,225 units.

Domestic Sales:

  • Passenger Vehicles** sales were 2,227,853 units in April-October 2022
  • Three-wheeler sales were 250,766 units in April-October 2022
  • Two-wheeler sales were 9,976,158 units in April-October 2022

* BMW, Mercedes, Tata Motors & Volvo Auto data is not available

** BMW, Mercedes & Volvo Auto data is not available, Tata Motors data is only available for Apr-Sep

Commenting on October sales, Mr Vinod Aggarwal, President, SIAM said, “Good market sentiments coupled with festive boost, resulted in higher sales in October, especially for Passenger Vehicles. Higher inflation and rising interest rates have impacted the rural market more, thereby returning marginal growth of the Two-Wheeler segment. Passenger Three- Wheelers is seeing better off-take due to increased shared mobility in semi-urban and urban areas.”

Commenting on Industry performance, Mr Rajesh Menon, Director General, SIAM said, “Though the Passenger Vehicles have reported highest ever domestic sales in April to October period, Sales of Two-Wheelers in these 7 months of 2022 is still lower than that of 2016, while for Three-Wheelers it is lower than 2010. Similarly, exports of Passenger Vehicles continued to grow, while there has been a drop in exports of both Two and Three-Wheelers.”

Domestic Sales: October

CategoryDomestic Sales (In Nos.)
October-21October-22
Passenger Vehicles (PVs)*
Passenger Cars103,829140,926
Utility Vehicles (UVs)112,112141,254
Vans10,4128,933
Total Passenger Vehicles (PVs)226,353291,113
Three Wheelers
Passenger Carrier21,40841,246
Goods Carrier9,04810,326
E-Rickshaw1,3222,323
E-Cart34259
Total Three Wheelers31,81254,154
Two Wheelers
Scooter/ Scooterettee479,459512,761
Motorcycle/Step-Throughs1,017,8741,020,295
Mopeds55,35644,638
Total Two Wheelers1,552,6891,577,694
Quadricycle271
Grand Total1,810,8561,923,032

* BMW, Mercedes, Tata Motors & Volvo Auto data is not available.

Domestic Sales: April-October

 

CategoryDomestic Sales (In Nos)
April-October-21April-October-22
Passenger Vehicles (PVs)**
Passenger Cars784,9591,020,880
Utility Vehicles (UVs)765,8031,123,710
Vans63,30583,263
Total Passenger Vehicles (PVs)1,614,0672,227,853
Three Wheelers
Passenger Carrier81,694182,804
Goods Carrier41,11453,323
E-Rickshaw4,27212,749
E-Cart1831,890
Total Three Wheelers127,263250,766
Two Wheelers
Scooter/ Scooterettee2,445,5083,276,888
Motorcycle/Step-Throughs5,369,3586,427,012
Mopeds287,915272,258
Total Two Wheelers8,102,7819,976,158
Quadricycle8361
Grand Total9,844,11912,455,138

 

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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