Passenger vehicles sales rise 13% in April, shows SIAM data

Domestic passenger vehicles (PVs) sales rose 12.9% year-on-year in April 2023 to 3,31,278 units.

New Delhi, May 12: Driven by strong pent-up demand and economic recovery, domestic passenger vehicles (PVs) sales rose 12.9% year-on-year in April 2023 to 3,31,278 units.

The data released for the month by Society of Indian Automobile Manufacturers (SIAM) on Friday showed total PV sales were 2,93,303 in April last year.
The data showed sales grew across various segments with domestic sales of three-wheelers in April 2023 reaching closer to the pre-covid levels.

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Commenting on sales data, SIAM President 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,” he added.

Rajesh Menon, Director General, SIAM said that sales of passenger vehicles of April 2023 has been the highest ever in April.

“Two-wheelers also posted a growth of 15.1% in April 2023, compared to last year. Domestic sales of three-wheelers in April 2023 have reached nearer to the pre-covid levels for the month of April,” he said.

The total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycle in April 2023 was 19,57,599 units.