Passenger vehicle sales more than doubled in May, two-wheeler sales also increased

The wholesale sales of passenger vehicles increased to 2,51,052 units last month.

SIAM (Society of Indian Automobile Manufacturers) said that the wholesale sales of passenger vehicles increased to 2,51,052 units last month from 88,045 units in May 2021. At the same time, sales of two-wheelers increased to 12,53,187 units in May.

Passenger vehicles from factories to dealers in India (Passenger Vehicles) Supply more than doubled last month. However, this figure is in comparison to May last year, when corona pandemic (Covid-19 Pandemic) Due to which the economic activities came to a complete standstill. Vehicle manufacturers’ body SIAM (Society of Indian Automobile Manufacturers) said that the wholesale sales of passenger vehicles last month (Vehicle Sales) It increased to 2,51,052 units as against 88,045 units in May 2021. At the same time, two-wheelers in May (Two Wheeler) Its sales increased to 12,53,187 units.

In May last year, this figure was 3,54,824 units. Similarly, the total supply of three wheelers stood at 28,542 last month. It was 1,262 units in May 2021.

Challenges on the supply front

A total of 15,32,809 units of passenger vehicles, two-wheelers and three-wheelers were sold in May 2022. Whereas, in May 2021 this number was 4,44,131 units.

SIAM Director General Rajesh Menon said sales of two-wheelers and three-wheelers remained subdued in May 2022, rather than the sales of nine years and 14 years ago, respectively. It was less than that. He said sales in the passenger vehicle segment are still below 2018 levels. Menon said the recent interventions by the government would help in mitigating the supply side challenges. But the second time the RBI has increased the repo rates, third party insurance rates have also increased, it is challenging for the customers and it will affect the demand.

A total of 19,65,541 units of passenger vehicles, two wheelers, three wheelers and quadricycles were produced in May 2022. It was 8,08,755 units in the same month a year ago.

At the same time, the speed of electric two-wheelers, which were flying for success till some time ago, has now stopped. According to the data available on the Vahan portal, the sales of electric two-wheelers, which accounted for 4.1 per cent of the total two-wheelers in April, declined to 3.2 per cent in May. Along with this, about 40,000 electric two-wheelers were sold in May, which is 20 percent less than in April. 49,166 vehicles were sold in April while 49,607 e-scooters were sold in March. The major reason for the decline in sales is the increasing incidents of fire in electric scooters.

read this also



(with language input)