In the country due to strong demand during festivals Passenger Vehicle (PV) wholesale sales grew 29 percent year-on-year to 2,91,113 units in October 2022. Giving this information, the Society of Indian Automobile Manufacturers (SIAM), an association of automobile companies, said that this increase has been seen due to strong demand in the festive season. In October 2021, 2,26,353 passenger vehicles were supplied to the dealers.
Slight increase in sales of two-wheeler vehicles
At the same time, the sales of two-wheelers have also increased by two percent to 15,77,694 units in October 2022. SIAM President Vinod Aggarwal said sales in October have also been good, especially for passenger vehicles, due to increase in demand during festivals and good market sentiment. He said that high inflation and hike in interest rates have affected the rural market more, hence the growth in the two wheeler category has been marginal.
At the same time, sales of three wheelers have increased to 54,154 units last month. The total sales of passenger vehicles, three wheelers and two wheelers together were 19,23,032 units sold last month, which is six per cent higher as compared to 18,10,856 units in October 2021.
Let us tell you that the scope of electric cars is increasing rapidly in the Indian market. There is a tremendous increase in the sales of electric cars. Talking about the sales of electric cars in September 2022, a total of 3,419 units have been sold in the country last month. This time there has been an increase of 172 percent in sales as compared to September last year.
At the same time, new car buyers in the country are increasingly turning to SUV cars as well. However, if we look at the car sales figures for September 2022, then the hatchback i.e. small car is also performing well. This time more than twice as many small cars have been sold as compared to September 2021. Maruti Alto is the best selling car in India with 24,844 units sold in the affordable car category. On the other hand, the top 4 selling cars are occupied by Maruti vehicles. A total of 1,28,547 hatchback cars have been sold in the country in September 2022.
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