Automotive market has shown its biggest sales growth in the last few years as the integration of next-generation technologies picked up its pace.
According to the latest SIAM report, the total production of Passenger Vehicles, Three Wheelers, Two Wheelers and Quadricycle in July 2022 was 2,197,954 units.
Commenting on the July 2022 sales data, Rajesh Menon, Director General, SIAM said “In July 2022, sales in the Passenger vehicle segment stood at ~2.9 lakh units, in Two-wheeler segment ~13.8 lakh units and Three-wheeler segment ~31 thousand units. Market for entry-level Passenger Cars, Two-Wheelers and Three-Wheelers are yet to recover. Sales of Two-Wheelers in July 2022 are still below July 2016 numbers and Sales of Three-Wheelers are still below July 2006 numbers. Third hike in a repo-rates in a row, to rein in high inflation, will make Auto loans costlier, making it more difficult for entry-level vehicles to recover. SIAM would also like to whole-heartedly thank the Government of India for the recent decision to allocate the higher amount of domestic gas for the CNG segment. This would significantly bring down the input cost of gas companies. We hope, that in line with the Government’s intent, the gas companies would pass on the entire benefit to the end consumers by reducing retail CNG prices.
Domestic Sales-July:
- Passenger Vehicles sales were 293,865 units in July 2022.
- Three-wheeler sales were 31,324 units in July 2022.
- Two-wheeler sales were 1,381,303 units in July 2022.
Performance: April – July 2022
Total production of Passenger Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-July 2022 was 8,267,268 units.
Domestic Sales-April- July 2022:
- Passenger Vehicles sales were 1,204,296 units in April-July 2022
- Three-wheeler sales were 107,617 units in April-July 2022
- Two-wheeler sales were 5,105,836 units in April-July 2022
Domestic Sales: July
| Category | Domestic Sales (In Nos.) | |
| July-21 | July-22 | |
| Passenger Vehicles (PVs) | ||
| Passenger Cars | 130,080 | 143,522 |
| Utility Vehicles (UVs) | 124,057 | 137,104 |
| Vans | 10,305 | 13,239 |
| Total Passenger Vehicles (PVs) | 264,442 | 293,865 |
| Three Wheelers | ||
| Passenger Carrier | 10,911 | 22,427 |
| Goods Carrier | 6,832 | 6,663 |
| E-Rickshaw | 366 | 1,814 |
| E-Cart | 23 | 420 |
| Total Three Wheelers | 18,132 | 31,324 |
| Two Wheelers | ||
| Scooter/ Scooterettee | 373,695 | 479,159 |
| Motorcycle/Step-Throughs | 837,166 | 870,028 |
| Mopeds | 49,279 | 32,116 |
| Total Two Wheelers | 1,260,140 | 1,381,303 |
| Quadricycle | 2 | 53 |
| Grand Total | 1,542,716 | 1,706,545 |
Domestic Sales: April-July
|
Category |
Domestic Sales (In Nos) | |
| April-July-21 | April-July-22 | |
| Passenger Vehicles (PVs) | ||
| Passenger Cars | 467,271 | 554,963 |
| Utility Vehicles (UVs) | 410,149 | 601,662 |
| Vans | 33,294 | 47,671 |
| Total Passenger Vehicles (PVs) | 910,714 | 1,204,296 |
| Three Wheelers | ||
| Passenger Carrier | 26,073 | 73,090 |
| Goods Carrier | 15,493 | 28,013 |
| E-Rickshaw | 1,009 | 5,381 |
| E-Cart | 79 | 1,133 |
| Total Three Wheelers | 42,654 | 107,617 |
| Two Wheelers | ||
| Scooter/ Scooterettee | 977,986 | 1,687,062 |
| Motorcycle/Step-Throughs | 2,577,474 | 3,275,256 |
| Mopeds | 118,288 | 143,518 |
| Total Two Wheelers | 3,673,748 | 5,105,836 |
| Quadricycle | 2 | 154 |
| Grand Total | 4,627,118 | 6,417,903 |
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