Monthly Performance: September 2023
Production: The total production of Passenger Vehicles1, Three Wheelers, Two Wheelers, and Quadricycle in September 2023 was 25,19,105 units
Domestic Sales:
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Passenger Vehicles2 sales were 3,61,717 units in September 2023.
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Three-wheeler sales were 74,418 units in September 2023
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Two-wheeler sales were 17,49,794 units in September 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 for September included only in this document.
Performance: July-September 2023
Production: The total production of Passenger Vehicles3, Commercial Vehicles4, Three Wheelers, Two Wheelers, and Quadricycle in July-September 2023 was 74,03,794 units
Domestic Sales:
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Passenger Vehicles3 sales were 10,74,189 units in July-September 2023.
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Commercial Vehicles4 sales were 2,47,929 units in July-September 2023.
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Three-wheeler sales were 1,95,215 units in July-September 2023.
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Two-wheeler sales were 45,98,442 units in July-September 2023.
Performance: April-September 2023
Production: The total production of Passenger Vehicles3, Commercial Vehicles4, Three Wheelers, Two Wheelers, and Quadricycle in April-September 2023 was 1,39,07,485 units
Domestic Sales:
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Passenger Vehicles3 sales were 20,70,163 units in April-September 2023.
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Commercial Vehicles4 sales were 4,65,063 units in April-September 2023.
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Three-wheeler sales were 3,39,690 units in April-September 2023.
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Two-wheeler sales were 87,39,406 units in April-September 2023.
3BMW, Mercedes, JLR & Volvo Auto data are not available.
4Daimler, JBM Auto & Scania data are not available.
Commenting on sales data of Q2 for 2023-24, Mr Vinod Aggarwal, President, SIAM said, “Passenger Vehicle, Three Wheelers, and Commercial Vehicle segments continue to witness growth in Q2 of 2023-24, although Two Wheelers wholesales numbers have posted a marginal de-growth, compared to Q2 of last year, the retails have been encouraging. As we get into the festival season, all segments of the Industry are optimistic and look towards posting good numbers in Q3 as well. This growth in the automobile sectors can be attributed to the all-round Economic growth of the country, which is also enabled through the conducive Government policies.”
Commenting on the Q2 2023-24 performance, Mr Rajesh Menon, Director General, SIAM said, “Sales of both Passenger Vehicles and Three Wheelers in Q2 of FY2023-24 has been the highest ever in Q2. Passenger Vehicles have posted a growth of 4.7% and Three Wheelers have posted a growth of 62.2%, compared to Q2 of last year. The Passenger Vehicle segment crossed 2 million units sales for the first time, in the first half of current financial year. Commercial Vehicles also posted a decent growth of 6.9% in this Quarter, compared to Q2 of last financial year, driven by good growth in Medium and Heavy Commercial Vehicles. Two-Wheelers segment have declined by (-)1.6% in this Quarter, as compared to last year.”
Rajesh Menon, Director General, SIAM
rajesh.menon@siam.in