Passenger Vehicle Domestic Sales Surges 5.5% YoY, Exports Records Growth of 19.8% YoY

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Passenger Vehicle Domestic Sales Surges 5.5% YoY, Exports Records Growth of 19.8% YoY - SIAM

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Passenger Vehicle Domestic Sales Surges 5.5% YoY, Exports Records Growth of 19.8% YoY - SIAM

//automotive-transportation.news-articles.net/co .. yoy-exports-records-growth-of-19-8-yoy-siam.html

Published in Automotive and Transportation on Thursday, May 15th 2025 at 5:01 GMT by RepublicWorld

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

The passenger vehicle segment in India witnessed new launches from different automakers, and heavy discounts led to a positive momentum in sales in April 2025. According to SIAM, the domestic sales in the passenger vehicle segment were at 3,03,648 units in April 2025.

2025-05-15 312 x 176 / 120566 Bytes

The Society of Indian Automobile Manufacturers (SIAM) reported a significant surge in domestic passenger vehicle sales, with a 55% year-over-year increase, reaching 2,38,677 units in May 2022 compared to 1,53,735 units in May 2021. Additionally, exports of passenger vehicles saw a remarkable growth of 198% year-over-year, with 46,684 units exported in May 2022 against 15,661 units in May 2021. SIAM's President, Mr. Vikram Kirloskar, attributed this growth to improved semiconductor supplies and a strong demand for personal mobility. Despite these positive figures, the industry continues to face challenges such as rising commodity prices and supply chain disruptions.

Read the Full RepublicWorld Article at:
[ https://www.republicworld.com/automobile/passenger-vehicle-domestic-sales-surges-55-yoy-exports-records-growth-of-198-yoy-siam ]