Monthly Performance: October 2022
Production: 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
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.”
