New Delhi: Automobile wholesales in May 2022 were up 245% to 1,532,809 units in May 2022 and the year-on-year sales were in green across the segments, according to the latest data by the Society of Indian Automobile Manufacturers (SIAM).
In May 2021, the industry recorded total wholesales of 444,131 units. Total domestic sales for the month include passenger vehicles, two-wheelers, three-wheelers and quadricycles.
However, the total domestic sales were still lower than May 2019 numbers, when the industry clocked 2,004,137 units.
Passenger vehicles during May 2022 were up 185% to 251,052 units as against 88,045 units in the corresponding month of last year. This includes sales of 124,060 units of passenger cars, 116,256 utility vehicles and 10,736 units of vans in May 2022.
The SIAM data does not include sales from BMW, Mercedes, Tata Motors & Volvo Auto.
Rajesh Menon, Director General, SIAM said, “Sales of Two-Wheelers and Three-Wheelers continue to remain sluggish in the month of May 2022, as they are even below of what it was 9 years and 14 years ago, respectively. Sales of Passenger Vehicle segment are also still below 2018 level.”
“Recent Government interventions would help in easing of the supply side challenges, but second hike in repo-rates by RBI and increase in 3rd Party Insurance Rates, could become more challenging for the customers, thereby impacting demand,” he said.
Total two wheeler domestic sales stood at 1,253,187 units in May 2022 as compared to 354,824 units in May last year. This includes sales of 819,940 motorcycles, 398,099 scooters and 35,148 units of mopeds.
Three wheeler sales during the month also increased to 28,542 units in the month under review, up from 1,262 units in May last year.
As per SIAM, the total production of passenger vehicles, three wheelers, two wheelers, and quadricycle in May 2022 was 1,965,541 units.
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