Auto Industry Performance of October-2023

Monthly Performance: October 2023
Production: The total production of Passenger Vehicles1 , Three Wheelers, Two Wheelers, and Quadricycle in October 2023 was 26,21,248 units

Domestic Sales:

Passenger Vehicles2sales were 3,89,714 units in October 2023.
Three-wheeler sales were 76,940 units in October 2023
Two-wheeler sales were 18,95,799 units in October 2023.

Commenting on sales data of October 2023, Mr Vinod Aggarwal, President, SIAM said, “Both Passenger Vehicles and Three-Wheelers have posted highest ever sales of October, while TwoWheeler segment has also posted good sales in the month of ctober 2023. All the three segments have posted double-digit growth. This growth momentum is encouraging for the industry which has been enabled by sustained conducive policies of the Government and the ongoing festive season.”

Commenting on October 2023 performance, Mr Rajesh Menon, Director General, SIAM said, “Passenger Vehicles posted the highest ever sales of October of 3.90 Lakh units, with a growth of 15.9%, compared to last year. Three-Wheelers also reported a decent growth of 42.1%, posting sales of about 0.77 lakh units in October 2023. 18.96 Lakh Units of Two-Wheelers were sold in October 2023, with a growth of 20.1%, as compared to October 2022.”