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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

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          🞛 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.
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.

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