Indian automakers sell nearly 11 million vehicles in first-half FY2022
In a spectacular performance, all vehicle segments witness robust growth; while PVs, CVs and two-wheelers recorded strong double-digit YoY increases, three-wheelers clocked 106% growth.
10 Jan 2023
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The Indian automobile industry is firing on all cylinders. The wholesales numbers for the first half of FY2023 at 1,09,88,305 units are a strong 32% year-on-year increase (April-September 2021: 83,05,314 units). What augurs well for the rest of the fiscal is that the growth is in strong double-digits for all four vehicle segments.
The passenger vehicle (PV) industry, which is notching record sales, has sold over 1.93 million vehicles (19,36,740 units), up 40% YoY (April-September 2021: 13,87,714 units), averaging monthly sales of 322,790 units.
Given the massive demand for SUVs, the UV sub-segment with 982,456 units accounts ...
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