October 2022 Indian Car Sales

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October 2022 Indian Car Sales

Top 10 Best Selling Cars: October 2022



Manufacturer's Market Share: October 2022



Citroën October 2022 Indian Car Sales



Honda October 2022 Indian Car Sales



Hyundai October 2022 Indian Car Sales



Jeep October 2022 Indian Car Sales



Kia October 2022 Indian Car Sales



Mahindra October 2022 Indian Car Sales



Maruti Suzuki October 2022 Indian Car Sales



Morris Garages October 2022 Indian Car Sales



Nissan October 2022 Indian Car Sales



Renault October 2022 Indian Car Sales



Skoda October 2022 Indian Car Sales



Tata Motors October 2022 Indian Car Sales



Toyota October 2022 Indian Car Sales



Volkswagen October 2022 Indian Car Sales

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FADA Vehicle Registration Data: October 2022













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Press Release:

The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for October’22 and 42 days festive period.

October’22 and Festive Period Retails

Commenting on how October’22 and Festive Period performed, FADA President, Mr. Manish Raj Singhania said, “Auto Retail for the month of October’22 saw an overall growth of 48%. With most of the month under festive period, the sentiments were extremely positive across all categories of Dealership outlets.

Even when compared to pre-covid month of 2019, overall retails for the first time closed in green by growing 8%. Except 3W, which saw a marginal dip of -0.6% all the other categories like 2W, PV, Trac and CV grew by 6%, 18%, 47% and 13% respectively.

Festive’22 brings cheers to the Auto Industry as for the first time customers of every category came out in good numbers and took part in festive purchases thus making it the best in last 4 years. As anticipated earlier, PV segment saw the best year in a decade by outgrowing 2020 numbers by 2%. When compared to pre-covid festive of 2019, overall retails were up by 6%. All the categories were in green with 2W, 3W, CV, PV and Trac growing by 2%, 2%, 14%, 18% and 55% respectively.

The 2W segment showed a huge growth of 51% YoY and for the first time, 6% compared to Oct’19, a pre-covid year. With both Navratri and Deepawali majorly falling in a single month, the month of October saw double foot fall at Dealerships. Dealers say that sentiments have also started improving at the rural level but the same needs to sustain for at least next 3-4 months. Apart from this, new launches and good customer schemes also played a pivotal role in helping revival in demand.

The 3W segment showed a massive growth of 66% YoY but was marginally below the red line in 2019 by de-growing -0.6%. The sub-category figures clearly show that shift is happening towards EV adoption while ICE vehicles are no more favourites. In few pockets due to permit issues, new vehicle sales have taken a hit during the month.

The PV segment showed a growth of 41% YoY and 18% when compared to 2019. PV segment continues to see extremely high demand especially in SUV and Compact SUV segments including higher variants in most of the product categories. With better vehicle availability coupled with new launches, the segment also witnessed the best Festive Period in a decade by surpassing 2020 festival sale by 2%.

The CV segment continues to come back on track by growing 25% YoY and 13% compared to 2019. Festivities ignited better fleet sales. With Mining and Infrastructure projects increasing in various regions, demand has been keeping well and is also coming back on track.”

Near Term Outlook

With festivities ending, the immediate next month generally witnesses a certain amount of softness in sales. While farmers will start receiving their crop realisations, the overall sentiment continues to show some headwinds especially in the 2W rural segment. For auto retails to show strength, the 2W segment will have to grow for at least 3-4 months over pre-covid months to come out of the woods.

The CV segment is anticipated to see continued demand due to rising infra projects and government spending. While the PV segment continues to outperform, demand in entry level segment continues to show some softness.

Most of the OEMs will now start migrating towards manufacturing OBD-2 norms vehicles. This will definitely see a steep price increase across all categories of vehicles as and when they hit the market. Also with year-end coming close, many customers wait for vehicles manufactured in the new year. FADA hence remains cautious as the Auto Industry approaches the year end period.

Key Findings from our Online Members Survey

• Inventory at the end of October’22

o Average inventory for Passenger Vehicles ranges from 35 – 40 days

o Average inventory for Two – Wheelers ranges from 40 – 45 days

• Liquidity

o Good 45.9%

o Neutral 35.9%

o Bad 18.2%

• Sentiment

o Good 44.1%

o Neutral 37.1%

o Bad 18.8%

• Expectation from November

o Growth 42.4%

o Flat 32.9%

o De-growth 24.7%

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SIAM Sales Summary Report: October 2022





























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Press Release:

Monthly Performance: October 2022

Production: The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers, and Quadricycle in the month of October 2022 was 2,191,090 units.

Domestic Sales:

• Passenger Vehicles* sales were 291,113 units in October 2022.

• Three-wheeler sales were 54,154 units in October 2022.

• Two-wheeler sales were 1,577,694 units in October 2022.

Performance: April - October 2022

Production: Total production of Passenger Vehicles**, Three Wheelers, Two Wheelers and Quadricycle in April-October 2022 was 15,362,225 units.

Domestic Sales:

• Passenger Vehicles** sales were 2,227,853 units in April-October 2022

• Three-wheeler sales were 250,766 units in April-October 2022

• Two-wheeler sales were 9,976,158 units in April-October 2022

Commenting on October sales, Mr Vinod Aggarwal, President, SIAM said, “Good market sentiments coupled with festive boost, resulted in higher sales in October, especially for Passenger Vehicles. Higher inflation and rising interest rates have impacted the rural market more, thereby returning marginal growth of the Two-Wheeler segment. Passenger Three- Wheelers is seeing better off-take due to increased shared mobility in semi-urban and urban areas.”

Commenting on Industry performance, Mr Rajesh Menon, Director General, SIAM said, “Though the Passenger Vehicles have reported highest ever domestic sales in April to October period, Sales of Two-Wheelers in these 7 months of 2022 is still lower than that of 2016, while for Three-Wheelers it is lower than 2010. Similarly, exports of Passenger Vehicles continued to grow, while there has been a drop in exports of both Two and Three-Wheelers.”

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