Total passenger vehicles sales in India inched down 0.2 percent from the previous month to 251,052 units in May 2022, after a 10 percent plunge in April. It was the second straight month of decline in passenger sales, due to a global shortage of semiconductors that continued to hurt the auto sector. On a yearly basis, car sales jumped 185 percent, due to low base effects last year. The total number of passenger sales in May 2022 surpassed the pre-pandemic level of 2019. However, passenger car sales are still below the 2018 level. " Recent government interventions would help in easing of the supply side challenges, but second hike in repo-rates by RBI and increase in third party insurance rates, could become more challenging for the customers, thereby impacting demand,” said Rajesh Menon, Director General Society of Indian Automobile Manufactures. source: SIAM - Society of Indian Automobile Manufacturers
Total Vehicle Sales in India averaged 184014.12 Units from 2002 until 2022, reaching an all time high of 323443 Units in October of 2016 and a record low of 44163 Units in April of 2002. This page provides - India Domestic Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news. India Total Passenger Vehicles Sales - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.