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At 355,000 units, September best month ever for carmakers in India

Much-improved chip supplies lead to increased production as carmakers look to make the most of festive season and also surge of consumer demand.

By Ajit Dalvi calendar 10 Jan 2023 Views icon15080 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Passenger vehicle sales in India have banished the blues of the past two years and are back to pre-Covid levels. In fact, September 2022 wholesale numbers have set a new monthly benchmark: 355,946 units, which constitutes 26% month-on-month growth (August 2022: 281,210).

September 2022’s record wholesales better the previous highest – July 2022’s 341,370 units by 4%, October 2020’s 334,411 units by 6.5% and March 2021’s 316,034 units by 12 percent. Comparing last month’s sales to the Septembers of the past two years, September 2022’s record tally is a 121% increase over September 2021’s 160,070 units and 30% growth ...

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