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Sales of passenger vehicles decreased by 6.5 percent in February 2022, exports also decreased

Meanwhile, the total sales of three-wheelers in February 2022 stood at 27,039 units, a marginal decline of 2 per cent. Sales of 10 units were registered in February 2022 with a growth of 25 per cent as compared to 8 quadricycles sold in February 2021.

Sales of passenger vehicles decreased by 6.5 percent in February 2022, exports also decreased

The combined sales of all the three vehicle segments were registered at 13,28,027 units in the month of February 2022, a decline of 23.4 per cent as compared to 17,35,909 vehicles sold during the same month last year. It may be noted that these figures do not include vehicles sold by BMW India, Mercedes-Benz India, Tata Motors and Volvo.

Sales of passenger vehicles decreased by 6.5 percent in February 2022, exports also decreased

In February 2022, the total vehicle exports stood at 4,63,025 units, which was almost 5 per cent lower as compared to 4,41,797 vehicles exported during the same month in 2021. Passenger vehicle exports during the period registered a growth of 45 per cent to 51,213 units, while overall two-wheeler exports grew by 3 per cent to 3,75,689 units.

Sales of passenger vehicles decreased by 6.5 percent in February 2022, exports also decreased

35,997 units of units of three wheelers were exported in February 2022, which was 12.5 less as compared to 41,176 units exported in February 2021. Total vehicle production, which includes passenger vehicles, three wheelers, two wheelers and quadricycles, stood at 17,95,514 units in February 2022. Compared to 22,53,241 vehicles produced in February 2021, the industry witnessed a year-on-year decline of over 20 per cent.

Sales of passenger vehicles decreased by 6.5 percent in February 2022, exports also decreased

While the production of passenger vehicles stood at 3,13,042 units, the production of two wheelers and three wheelers stood at 14,18,403 units and 63,929 units respectively. The production of quadricycles for the entire period stood at 140 units.

Sales of passenger vehicles decreased by 6.5 percent in February 2022, exports also decreased

Commenting on the February 2022 sales figures, Rajesh Menon, Director General, SIAM, said, “There has been a decline in sales in the passenger, two-wheeler and three-wheeler categories in the month of February 2022. Supply-side challenges, such as shortage of semiconductors , Cost escalation due to new regulations, higher commodity prices, higher logistics cost etc. have affected overall sales in the auto industry. The industry is closely watching the potential impact of the ongoing conflict in Ukraine. This will lead to global supply chain tensions. likely to come.”

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