Monthly Performance: March 2023
Production: The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers, and Quadricycle in March 2023 was 20,04,592 units
Domestic Sales:
· Passenger Vehicles* sales were 2,92,030 units in March 2023.
· Three-wheeler sales were 54,360 units in March 2023.
· Two-wheeler sales were 12,90,553 units in March 2023.
Quarterly Performance: January - March 2023
Production: Total production of Passenger Vehicles**, Commercial Vehicles#, Three Wheelers, Two Wheelers, and Quadricycle in January - March 2023 was 60,94,960 units.
Domestic Sales:
· Passenger Vehicles** sales were 10,18,355 units in January– March 2023.
· Commercial Vehicles# sales were 2,78,878 units in January – March 2023.
· Three-wheeler sales were 1,53,645 units in January – March 2023.
· Two-wheeler sales were 36,04,593 units in January – March 2023.
Financial Year Performance: April - March 2023
Production: Total production of Passenger Vehicles**, Commercial Vehicles#, Three Wheelers, Two Wheelers and Quadricycle in April - March 2023 was 2,59,31,867 units.
Domestic Sales:
· Passenger Vehicles** sales were 38,90,114 units in April – March 2023.
· Commercial Vehicles# sales were 9,62,468 units in April – March 2023.
· Three-wheeler sales were 4,88,768 units in April – March 2023.
· Two-wheeler sales were 1,58,62,087 units in April – March 2023.
* BMW, Mercedes, Tata Motors & Volvo Auto data are not available
** BMW, Mercedes & Volvo Auto data are not available
#Daimler, JBM Auto & Scania data are not available
Commenting on sales data of 2022-23, Mr Vinod Aggarwal, President, SIAM said, “2022-23 has been a year of consolidation, post Covid. The year started again with supply chain disruptions from Ukraine conflict. However with efficient management of supply chains and better availability of commodities especially for the electronics items, prices have moderated over the year, though it remains a concern. Passenger Vehicle segment posted the highest ever domestic sales surpassing the previous peak in 2018-19. Commercial vehicles posted the 2nd highest domestic sales and is close to the previous peak of 2018-19. Inspite of good growth in domestic sales in three-wheelers, they are still below the 2010-11 levels and the Two-Wheelers domestic sales are still below the 2014-15 levels. Favourable Policy initiatives ranging from impact of new PLI Schemes, encouraging announcements in Budget, forward looking Logistic & Foreign Trade Polices and recently announced Gas pricing Guidelines would go a long way in supporting the growth of the Industry.”
Commenting on the 2022-23 performance, Mr Rajesh Menon, Director General, SIAM said, “With growth in overall automobile domestic sales of 20% in 2022-23, the industry recorded highest passenger vehicle sales with an annual growth of 27%. Commercial Vehicles and Three-Wheelers posted growth of 34% and 87% respectively, driven by higher off-take of Passenger Carriers. The Two-wheelers segment grew by a moderate 17%, after witnessing de-growth for previous three consecutive years. These segments are yet to reach the pre-pandemic levels.”
Rajesh Menon, Director General, SIAM
rajesh.menon@siam.in