2022 car sales zoom 23% to record high of 3.8 mn; 14% higher than 2018 peak

This is mainly on pent-up demand and better semiconductor chip supply

The auto industry posted its highest-ever annual domestic passenger vehicle (PV) sales in 2022 at 3.793 million units on the back of pent-up demand and better semiconductor chip supply. The figure was 23.1 per cent more than that of 2021.

The highest growth in annual domestic PV sales was seen by Tata Motors, Kia India and Toyota Kirloskar at 58.2 per cent, 40.2 per cent and 22.6 per cent (see table), respectively, according to data shared by the companies. Auto companies count wholesales, the units dispatched to dealers, as sales.

India’s largest carmaker Maruti Suzuki posted a 15.4 per cent