Society of Indian Automobile Manufacturers (SIAM) has released the monthly sales figures for February 2022. Total passenger vehicle sales in India last month stood at 262,984 units, a decline of 6.5 per cent as compared to 281,380 vehicles sold in the domestic market. in February 2021. The two-wheeler segment reported total sales of 1,037,994 units in February 2022 at the same time, which is a decline of 27 per cent in 2021 as compared to 1,426,865 units sold during the same month. At the same time, total three-wheeler sales last month stood at 27,039 units, a marginal 2 per cent decline as compared to 27,656 vehicles sold in February 2021. Quadricycle sales for the entire period stood at 10 units, which was 25 per cent higher than the 8 quadricycles sold in February 2021. ,
The two-wheeler segment reported total sales of 1,037,994 units in February 2022, a decline of 27 per cent as compared to 1,426,865 units sold last year.
Combined sales from the three segments stood at 1,328,027 units for the month of February 2022, a decline of 23.4 per cent as compared to 1,735,909 vehicles sold during the same month last year. We should note here that these numbers do not include vehicles sold by BMW India, Mercedes-Benz India, Tata Motors and Volvo Auto.
Commenting on the February 2022 sales figures, Rajesh Menon, Director General, SIAM, said, “The sales in the month of February 2022 have shown a decline as compared to February 2021, in passenger vehicle, two-wheeler and three-wheeler categories. Continuing challenges such as semiconductor shortages, cost escalation due to new regulations, higher commodity prices, higher logistics costs etc. have affected overall sales in the auto industry. The industry is closely following the potential impact of the ongoing conflict in Ukraine. Is watching, because the global supply chain could come under stress.”
Read also: Two-wheeler sales February 2022: Bajaj Auto’s domestic motorcycle sales down 35%
Passenger vehicle exports grew nearly 45 percent to 51,213 units in February 2022
In February 2022, total vehicle exports stood at 463,025 units, which saw an increase of around 5 per cent as compared to 441,797 vehicles exported during the same month in 2021. Passenger vehicle exports for the period grew by nearly 45 per cent at 51,213 units, while total two-wheeler exports stood at 375,689 units, a growth of 3 per cent over February 2021. At the same time, the three-wheeler segment exported 35,997 units in February 2022, a decline of 12.5 per cent as compared to 41,176 vehicles exported. Last year this month.
For the total vehicle production in February 2022, which includes – passenger vehicles, three-wheelers, two-wheelers and quadricycles – was 1,795,514 units. Compared to 2,253,241 vehicles produced in February 2021, the industry witnessed a year-on-year decline of over 20 per cent. While the production of passenger vehicles stood at 313,042 units, the production of two wheelers and three wheelers stood at 1,418,403 units and 63,929 units respectively. The production of quadricycles for the entire period stood at 140 units.
Production of passenger vehicles stood at 313,042 units
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When we look at the period April 2021 and February 2022, the total vehicle sales in the last 11 months stood at 15,177,293 units, a decline of 6 per cent as compared to 16,146,902 vehicles sold during the same period in FY 2020-21. While the sales of passenger vehicles stood at 2,666,109 units for the period, the total sales of two wheelers and three wheelers stood at 12,282,202 units and 228,907 units respectively. Quadricycle sales stood at 75 units for the entire period.
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