Home / Industry / Auto / At 3.8 million units, PV sales rev up to highest ever in 2022: Siam

At 3.8 million units, PV sales rev up to highest ever in 2022: Siam

Data showed that passenger vehicle sales grew by 23 per cent in 2022 compared to the previous year to touch 3.79 million units

Premium

Passenger vehicle sales grew by 23 percent in the 2022 calendar year over the previous year

4 min read Last Updated : Jan 13 2023 | 11:13 PM IST

Passenger vehicles saw their highest-ever sales of 3.8 million units during the calendar year of 2022. This is around 400,000 units higher than the last peak in 2018, shows wholesales data released by the Society of Indian Automobile Manufacturers (SIAM).

Data showed that passenger vehicle sales grew by 23 per cent in 2022 compared to the previous year to touch 3.79 million units.

In comparison, commercial vehicles (CVs) grew by 37 per cent year-on-year (YoY) to touch 933,116 units.

Two-wheelers, however, posted a muted growth of around 7.4 per cent during the year to 1.56 million units.

Topics : Siam Passenger Vehicles utility vehicles commercial vehicle Electronic vehicles Cars Automobile bike Q3 results

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in