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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.
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.
