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Industry Records 12.9 Percent Growth In Passenger Vehicle Sales

Passenger Vehicle Sales: Industry Records 12.9 Per Cent Growth, Highest-Ever April Sales; SIAM

The passenger vehicle segment in India witnessed robust growth, recording a remarkable 12.9% increase, marking the highest-ever sales for the month of April, according to the Society of Indian Automobile Manufacturers (SIAM). This positive trend signals a strong recovery for the automotive industry, with increased consumer confidence and demand. The figures reflect a promising trajectory for the sector, pointing towards a resurgence in economic activity and the potential for sustained growth in the coming months.

The Society of Indian Automobile Manufacturers (SIAM) data indicates passenger vehicle sales of 3,31,278 units.

The SIAM data confirms that the passenger vehicle sale for April 2023 stood at 3,31,278 units as opposed to 2,93,303 units for the same period in 2022, showing a significant uptick of 12.9 per cent. Similarly, the two-wheeler segment clocked a good 13,28,588 units compared to 11,62,582 units for the previous year, clocking a 15.1 per cent increase in growth. The three-wheeler sales also experienced a positive hike in sales, registering 42,885 units as opposed to 20,997 units for the last year, marking a significant growth.


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Vinod Aggarwal, President of SIAM, Vinod Aggarwal said, “All the segments viz. Passenger Vehicles, Two-Wheelers and Three-Wheelers have posted growth in April 2023, compared to April 2022, which clearly indicates that Industry has been able to transit very smoothly to BS 6 Phase 2 Emission Norms from 1st April 2023. As we gradually get into the monsoon season, among other factors, good rainfall can also help the Auto Industry sustain its growth.”


Domestic Sales: Monthly

CategoryDomestic Sales (In Nos.)
Segment/SubsegmentApril
20222023
Passenger Vehicles32,93,3033,31,278
Three Wheelers
Passenger Carrier12,55534,608
Goods Carrier7,3485,367
E-Rickshaw8302,591
E-Cart264319

Total Three Wheelers20,99742,885
Two Wheelers
Scooter/ Scooterettee3,88,4424,64,389
Motorcycle/Step-Throughs7,35,3608,39,274
Mopeds38,78034,925
Total Two Wheelers11,62,58213,38,588
Quadricycle2661

The passenger four-wheeler hatchback segment witnessed a healthy 15,192 unit sales for April 2023. It included cars like Renault Kwid, Maruti Suzuki Alto and Espresso, to name a few. The sedan space sold 1,00,377 units, comprised of products like the Honda Amaze, Hyundai Aura, and Maruti Suzuki Dzire, among others.

The SUV space saw a strong number of 66,975 units and included the likes of the Honda WR-V, Hyundai Venue, Kia Sonet, Renault Kiger and Mahindra Thar, to name a few. The two-wheeler segment from 90-125 cc clocked 4,43,668 units for April 2023 and included models like Piaggia Vespa, Hero Pleasure, Suzuki Access and TVS Ntorq, to name a few.

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By: Sumesh Soman

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