The automotive wholesales for November have just been announced by the Society of Indian Automobile Manufacturers (SIAM), which saw 2,010,611 vehicles sold in the month across segments. This was 25 percent higher YoY.

All segments reported healthy growth including 334,130 passenger vehicles, up 4 percent, 59,738 three-wheelers, up 31 percent and 1,623,399 two-wheelers, up 31 percent respectively.

Vinod Aggarwal, President, SIAM said, “All segments of the automobile industry witnessed robust growth during the festival season which ended in the first part of November. For the month, passenger vehicles sales grew moderately and two-wheelers and three-wheelers segments posted high double-digit growth. Commercial vehicles sales matched last year’s levels. Supported by strong economic growth, Industry is optimistic in ending the year 2023 on a high note and expects the trend to continue into 2024.”

Rajesh Menon, Director General, SIAM said, “Passenger vehicles posted the highest ever sales in the month of November 2023 of 3.34 Lakh units, albeit with a growth rate of 3.7 percent, in the backdrop of a high base last November. Three-Wheelers reported significant growth of 30.8 percent, compared to previous year, posting sales of about 0.60 lakh units in November 2023, just below the peak of November 2017. Two-Wheelers also reported sales of about 16.23 Lakh units with high growth of 31.3 percent, compared to November 2022 and is also slightly below the peak to November 2018.”

AUTOMOTIVE SALES IN INDIANov ’23Nov ’22Change (in units)Change (in %)Passenger Vehicles (PVs)Passenger cars102,558130,142-27,584-21%Utility Vehicles (UVs)175,278138,78036,49826%Vans10,2267,3092,91740%Total PVs*334,130322,26811,8624%Three-WheelersPassenger Carrier47,60233,84813,75441%Goods Carrier9,2818,9852963%E-Rickshaw2,5632,601-38-1%E-Cart2922306227%Total Three-wheelers59,73845,66414,07431%Two-WheelersScooter509,119412,92496,19523%Motorcycle1,070,798788,893281,90536%Mopeds43,48234,4659,01726%Total Two-Wheelers1,623,3991,236,282387,11731%Quadricycle636035%Grand total*2,010,6111,604,274406,33725%*Total PV sales includes Tata Motors sales. Detailed breakup not available