Monthly Performance: July 2023

Production: The total production of Passenger Vehicles¹, Three Wheelers, Two Wheelers, and Quadricycle in July 2023 was 20,87,087 units

Domestic Sales:

• Passenger Vehicles² sales were 3,50,149 units in July 2023.
• Three-wheeler sales were 56,034 units in July 2023
• Two-wheeler sales were 12,82,054 units in July 2023.

¹ BMW, Mercedes, JLR, Tata Motors & Volvo Auto data are not available.

² BMW, Mercedes, JLR & Volvo Auto data are not available. Tata Motors Domestic Sales data included only in this document.

Commenting on sales data of July 2023, Mr Vinod Aggarwal, President, SIAM said, “Though the Passenger Vehicle and Three-Wheeler segments are performing well, there has been a de- growth of Two-Wheelers in July 2023, compared to July 2022. Overall, we expect that the positive economic environment, good monsoons, and upcoming festive season will support continued growth in the Auto Industry.”

Commenting on July-2023 performance, Mr Rajesh Menon, Director General, SIAM said, “Sales of Passenger Vehicles of July 2023 has been the highest ever in July, with a marginal growth of 2.6%, compared to July 2022. Three Wheelers also posted a decent growth of 78.9% compared to the last year, which is the 2^nd highest in the month of July, after the peak of 2018-19. However, after posting growth in each of the previous last 3 months in this financial year, Two-Wheeler segment de-grew by (-) 7.2% in July 2023, compared to last year.”

Domestic Sales: Monthly