April 25, 2024 22:12 (IST)
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Motor vehicles production & sales grow in July 2022; market still weak for entry-level vehicles: SIAM report

Motor vehicles production & sales grow in July 2022; market still weak for entry-level vehicles: SIAM report

New Delhi: There has been an uptick in the performance of the motor vehicles sector across segments with the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in the month of July 2022 at 2,197,954 units, and domestic sales at 1,706,545 units, according to Society of Indian Automobile Manufacturers (SIAM) report.

2022 PV sales likely to exceed estimates

2022 PV sales likely to exceed estimates

Passenger Vehicle (PV) sales will rise compared to CY20 and CY21 as the manufacturers are ready to cater to the healthy demand in the category as supplies from Original Equipment Manufacturers (OEM) improves.