New Delhi: Total domestic annual sales of vehicles (PV+ 3W+2W+CV+Quadricycle) in 2023 were up 10% to 2,28,36,604 units compared to 2,07,92,824 units in 2022, the Society of Automobile Manufacturers (SIAM) said on Friday.
According to the SIAM data, total passenger vehicle sales in December 2023 were at 2,86,390 units, a 5% increase from 2,75,352 units in December 2022. Two wheelers saw an increase of 16% with 12,11,966 units sold in December 2023 when compared to 10,45,052 units sold in 2022. Three Wheelers saw a growth of 31% with 50,537 units sold in December 2023 as compared to 38,693 units sold in 2022.
The quarterly(Oct-Dec) performance recorded a 20% increase in total sales (PV+CV+3W+2W+Quadricycle) with 61,65,997 units sold in 2023 when compared to 51,60,445 units sold in 2022.
Overall FY sales (April-December) grew at 11% with 1,77,80,852 units(PV+CV+3W+2W+Quadricycle) sold in 2023, as compared to 1,61,49,094 units in 2022.
Vinod Aggarwal, President, SIAM , said, “Year 2023 has been reasonably satisfactory for the automobile sector, as passenger vehicles, commercial vehicles and two-wheelers posted single digit growth, while three wheelers have made a very good recovery. Various schemes of the Government that have been operational, are showing good results, and are also helping the auto industry to seamlessly transform to new powertrain realms. Auto industry is optimistic that the growth momentum would continue in 2024 as well.”
Commenting on Q3 sales data, Rajesh Menon, Director General, SIAM, said, “In Q3 FY24, passenger vehicles grew by 8.3%, commercial vehicles by 3.5%, three-wheelers by 35.2% and two-wheelers by 22.6% compared to last year. Passenger vehicle and three-wheeler segments posted their highest Q3 sales ever, while passenger vehicles even crossed the 4 million mark for the first time, in a calendar year.”
Domestic Sales: Q3 – October-December 2023
| Category | Domestic Sales (In Nos.) | |
| Segment/Subsegment | October-December | |
| 2022 | 2023 | |
| Total Passenger Vehicles (PVs) | 9,34,955 | 10,12,285 |
| Total Commercial Vehicles (CVs) | 2,27,111 | 2,35,167 |
| Total Three Wheelers | 1,38,511 | 1,87,215 |
| Total Two Wheelers | 38,59,717 | 47,31,164 |
| Quadricycle | 151 | 166 |
| Grand Total | 51,60,445 | 61,65,997 |
(Note- 3BMW, Mercedes, JLR & Volvo Auto data are not available. 4Daimler, JBM Auto & Scania data are not available.)
