India Auto Sales Rise In September Aided By Festive Season: SIAM Data
Car sales rose 91% year-on-year to 3,07,389 units in September, while two-wheeler sales increased 12.8% to 17.35 lakh units.
Auto sales in India rose in September, spurred by the early start of the festive season.
The dispatches of passenger vehicles rose 91% year-on-year to 3,07,389 units in September, according to data from Society of Indian Automobile Manufacturers. The segment including passenger cars, utility vehicles, and vans witnessed growth across all categories.
Sales of two-wheelers increased 12.8% year-on-year to 17.35 lakh units in the month. The industry also increased production in September, anticipating greater demand during the festive season.
The production of passenger vehicles jumped 88% year-on-year, while that of two-wheelers rose 8%.
The jump in output is on a low base as a severe shortage of semiconductors led to a fall in production last year.
SIAM September 2022 Volumes (YoY)
Car sales rose 122% to 1,42,727 units
Wholesales of utility vehicles rose 72% to 1,51,759 units
Scooter sales jumped 8.5% to 5,72,919 units
Motorcycle sales rose nearly 17.5% to 11,14,667 units
Three-wheeler sales jumped 73% to 50,626 units