According to the Society of Indian Motor Vehicle Manufacturers (SIAM), total sales of passenger vehicles increased by 19 percent in June.
According to the statistics released by the association:
Works vehicle sales for deals stood at 2,75,788 last June as semiconductor supply improved. This is an increase of 19 percent compared to June 2021 sales of 2,31,633 vehicles.
Similarly, the total sales of two-wheelers also jumped to 13,08,764 from the figure of 10,60,565 during the accounting month. Also, sales of three-wheelers increased from 9,404 to 26,701.
Vehicle sales across all segments jumped to 16,11,300 from 13,01,602.
Passenger vehicle sales increased by 41 percent from 6,46,272 to 9,10,431 in the first quarter of the current financial year from April to June.
The total sales of passenger vehicles rose to 2,24,512 from the figure of 1,05,800.
Two-wheeler sales during this period touched 37,24,533 from 24,13,608.
Three-wheeler sales increased from 24,522 to 76,293.
Overall vehicle sales across all segments rose to 49,35,870 from 31,90,202 in the first quarter, the figures said.
SIAM Director General Rajesh Menon said:
In the first quarter, passenger vehicle sales reached 9.1 lakh, two-wheeler 37.25 lakh and passenger vehicle sales reached 2.25 lakh, mainly due to the recent measures taken by the central government.
In particular, measures taken to reduce inflationary pressures, reduction in excise duty on petrol and diesel, revision of tax rates on steel and plastics were a boost to the growth of the Indian motor vehicle industry.
We look forward to similar cooperation in curbing the CNG price which has been rising at a rocket pace for the last seven months. He said that this would not only be an environment-friendly public transport but also beneficial for the common man.